INFLATION URGED.
BY UNITED STATES SENATE COMMITTEE. FEDERAL RESERVE SYSTEM CONDEMNED. WASHINGTON, April 5. In a partial report to the Senate on Wednesday ou the Administration’s Farm Relief Bill thp Senate Agriculture Committee recommended the inflation of the currency to cheek the policy of deflation. The Agriculture Committee’s report asserted that no substantial improvement was possible for agriculture until the policy of deflation whs not only cheeked, but reversed, and a substantial sum of actual money admitted, and, if need be, forced into circulation. The report said that the Federal Reserve system, created to serve and promote the best interests of the people iu commerce and industry, while pretending to be trying to keep sufficient money and credit available, had failed.
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Bibliographic details
Wairarapa Age, 7 April 1933, Page 5
Word Count
121INFLATION URGED. Wairarapa Age, 7 April 1933, Page 5
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