COE Professors Debate Old Purchasing Tactics
Two Coe College professors argued this week that President Roosevelts attempts to raise commodity prices are cautious and risky, amid a wartime Treasury clash. They outlined three main methods including open market operations, fiat currency under a government-backed plan, or dollar devaluation, with concerns about inflation and political constraints.
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Dollar policy debate crops up in brain trust talk
A panel of professors discusses gold standard fallout and dollar devaluation, weighing inflation risks and bond market effects. They consider Roosevelt era a possible trial, noting lenders bear hardship in transition while aiming to restore dollar value. Also a rail wage pledge surfaces from Australia’s 21,000 railway workers to cut overhead.
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United States
Wall Street
Roosevelt
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