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Readjustment Seen Essential for 1932 Recovery
The article argues 1931 was the deepest period of downturn with deflation in bonds and wages, urging a controlled readjustment in 1932. It warns inflation could spur temporary gains but risk lasting costs, noting the role of Congress and policy choices in avoiding or embracing inflation. It cites declines in stock and commodity prices, bank failures, and international distress as context for the U.S. outlook.
MENTIONED IN THIS ARTICLE
United States
England
Germany
France