National Affairs: Hard, Soft & Red

"We need," said Colonel Leonard P. Ayres in Philadelphia last week, "a campaign of education to reduce the economic illiteracy of the people—and their representatives in Washington. Gresham's Law may be as applicable to individuals as it is to money."† But the convention at which he spoke, a meeting of the American Statistical Association, and twelve kindred societies convening simultaneously in Philadelphia, was good proof that U. S. economic illiteracy is no longer quite so black as it once was. For of nearly 5,000 men present at the great annual economic camp meeting...

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