INTERNATIONAL: D'Abernon On Gold

Gold may well be Question of the Year in 1931. What heads of central banks all over the world are going to do about gold is just now their closest secret, the subject of earnest, secret conferences (TIME, Dec. 1 & Dec. 15).

Last week England's noted elder economist Viscount d'Abernon of Stoke d'Abernon, who was her Ambassador to Germany directly after the War, spoke up, as more active financiers cannot very well do. Said he: "This depression is the stupidest and most gratuitous in history!" All the existing essential circumstances "except...

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