GERMANY: Price Dictation

If President Roosevelt should decide that no Democrat can control prices, if he should give that job to a Republican especially close to Herbert Hoover, then the New Deal would have sunk as low as Adolf Hitler felt obliged to stoop last week.

Three years ago President Hoover and that pallid, ascetic German Chancellor, Dr. Heinrich Brüning, were both pursuing the same policy: Deflation. That winter German prices fell 10%. hammered down —so the German people believe—by Dr. Brüning's implacable ''Price Dictator," Dr. Karl Gördeler.

Then as now Dr. Gördeler was Leipzig's Mayor. Reviled...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!