Word: levelers
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Dates: during 1930-1939
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...truth be known, the government there has no gold policy except to drift from day to day in the hope of finding a "natural" level for the dollar...
...definite policy of the Government has been to restore commodity price levels. . . ." This was no news. He was driving an old point home. 2) "Some people are putting the cart before the horse. They want a permanent revaluation of the dollar first. It is the Government's policy to restore the price level first. I would not know, and no one else could tell, just what the permanent valuation of the dollar will be. To guess at a permanent gold valuation now would certainly require later changes. . . ." This was definite news: a promise that stabilization of the dollar...
...Unfortunately the Chinese-language press has not, by and large, achieved a high level of development. Subsidy and blackmail are not infrequent features of Chinese journalism. Many of the acts and violence perpetrated against editors have been the direct results of actions difficult for the most enthusiastic advocate of press freedom to condone...
These conflicts probably will be in due time ironed out but they constitute deflationary influences which are preventing a demand for goods and products from achieving natural growth--something that would bring the price level up faster than any tinkering with gold prices by buying and selling bullion...
That there is any justification to such a display of vulgarity or that I will in nay way bolster the NRA I difficult indeed to see. Actually, what is happening is simply that the NRA is sinking to the grubby level of the back-clapping, hand-wrenching Rotarian, and will presently descend to the more congenial state of shrieking hysteria; it will thus attain to a shrill crescendo of asininity. The effect of the whole thing is comparable to that produced by a firecracker exploding in a bowl of whipped cream; by this time the worthy General Johnson must feel...