“Stupid and Illogica"
United States' War Debts Policy ECONOMIC PRESSURE WILL FORCE CANCELLATION United Press Association. —By Electric Telegraph—Copyright. ADELAIDE, April 19. Professor E. H. O! •■'■"nt, who has returned from a lecturing tour of United States, describes that country’s attitude' concerning war debts as stupid and illogical. It cornered the goid supply, thus making goods the only form of international payment possible, and then- in effect said, “You must pay us every cent., but by our high tariff wc cripple you so that you cannot.” The Americans .apparently thought they could have it both wajs, an illusion from which they were now awakening. Professor Oliphar.t declared that, although there was strong owiosition to debt cancellation or modification, the United States Government would eventually be forced to adopt it through sheer pressure of economic circumstances.
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Bibliographic details
Manawatu Times, Volume LV, Issue 6838, 20 April 1932, Page 7
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135“Stupid and Illogica" Manawatu Times, Volume LV, Issue 6838, 20 April 1932, Page 7
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