FISCAL: Oats for Deflation

Oats for Inflation

When President Roosevelt last week again took the U. S into his confidence by radio (see p. 9), he saved for the end the most potent part of his remarks—his pronouncements on monetary policy. His points:

1) "The definite policy of the Government has been to restore commodity price levels. . . ." This was no news. He was driving an old point home. 2) "Some people are putting the cart before the horse. They want a permanent revaluation of the dollar first. It is the Government's policy to restore the...

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