With the President and Congress plumping for inflation (see p. 10), silver prices last week jumped more than 25%. from 28¢ per oz. to the neighborhood of 36. Practically every inflationary scheme discussed had its silvery promise: to remonetize silver at 16 to 1; to have the U. S. take $100,000,000 worth of silver from any government in payment on War debts; to have the U. S. buy 5,000,000 oz. of silver per month; to have the U. S. buy $250,000,000 worth of silver to remove the world surplus. Three classes of arguments were...
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