BALANCED SYSTEM.
MR ROOSEVELT’S PRICE POLICY. WASHINGTON, Feb. 01. Announcing his new price policy, President Roosevelt said it did not mean inflation or devaluation of the dollar. The Administration, he said, seeks a balanced system of price relations, some being too high and some too low. Easy credit would be continued. His object was not to restore the levels of any given year, but 1926 was the criterion, because conditions then represented a fair balance between creditors and debtors. Tho President also announced the resumption of lending to private business by the Reconstruction Finance Corporation, particularly where it will maintain or increase employmentAn amount of 1,500,000,000 dollars will be available.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MS19380304.2.172
Bibliographic details
Manawatu Standard, Volume LVIII, Issue 81, 4 March 1938, Page 12
Word Count
110BALANCED SYSTEM. Manawatu Standard, Volume LVIII, Issue 81, 4 March 1938, Page 12
Using This Item
Stuff Ltd is the copyright owner for the Manawatu Standard. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in