National Affairs: Goldsborough Bill

A Bill

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled. . . .

It is hereby declared to be the policy of the United States that the average purchasing power of the dollar as ascertained by the Department of Labor in the wholesale commodity markets for the period covering the years 1921 and 1929 inclusive shall be restored and maintained by the control of the volume of credit and currency.

The Federal Reserve Board, the Federal Reserve Banks and the Secretary of the Treasury...

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