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Economic Theory on Money Flow and Industry Balance
The article compares modern economic woes to blind men judging an elephant and argues that machinery, railroads, and government spending are not sole causes. It emphasizes money circulation, consumer power, and basic industries like production and distribution, urging intelligent money turnover and cohesive policy over simplistic blame. It notes 1928 earnings near 90 billion and 1932 at about 66 billion, with money in circulation rising slightly despite lower earnings. It cites Rockefeller as urging simple, fundamental solutions and warns against centralizing dollars too early.
MENTIONED IN THIS ARTICLE
Ameri
U. S&s Treasury