WALL STREET VERSUS WASHINGTON
W/ASHINGTON blamed Wall Street for causing the last slump,
. Washington thereupon took powers unto itself in order to prevent slumps in the future. It was a splendid idea for it meant that the representatives of the people were to rule over the financial destinies of the people. Having secured control of the banking system—or as much control as it wanted—Washington then set out to prime the pump to bring back prosperity. All was going well, and then another slide down occurred. The slide-down process is in operation just now. Wall Street is looking on feverishly because it is losing money fast, and its fever is contagious. Therefore Washington is looking at Wall Street and telling it that it should not have the fever as Washington is a perfectly good doctor. The patient, however, doesn’t believe that the said doctor has a diploma, save the one he wrote for himself, and so the patient refuses to be comforted. “What about the slump?.” asks the patient. “Don’t worry about it, for that makes it worse!” is Washington’s rejoinder. And that is how matters stand in the United States of America to-day.
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https://paperspast.natlib.govt.nz/newspapers/WC19371218.2.45
Bibliographic details
Wanganui Chronicle, Volume 80, Issue 300, 18 December 1937, Page 8
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193WALL STREET VERSUS WASHINGTON Wanganui Chronicle, Volume 80, Issue 300, 18 December 1937, Page 8
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