Business & Finance: Prophecy

A best seller of 1934 was Kemmerer on Money, a timely tract on the gold standard whipped out by Princeton's famed money doctor. Onetime financial adviser to the Philippines, the Dawes Commission and eleven foreign nations, Professor Edwin Walter Kemmerer has lately been in high domestic favor with hard-money men and balanced budgeteers. Last week in Philadelphia Dr. Kemmerer ventured a prophecy on prices by the end of Depression. Said he: "We may reasonably expect that the cost of living, the wholesale and general price levels will be something like double what they...

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