Curbing Inflation Through Currency Reform
The piece argues that 1920s stock inflation could have been curbed by raising the rediscount rate under President Coolidge, possibly preventing the 1929 bust. It compares to modern inflation caused by currency supply and calls for a return to a gold standard, noting partisan opposition and potential voter effects. It cites three billion dollars as annual savings if Congress enacts executive-branch reforms.
MENTIONED IN THIS ARTICLE
President Coolidge
Federal Reserve Board
Republican Party
CIO
Congress
United States
Commission
First Aid to the Ailing House Fire Hazard Worsens
A 36 year old two family brick house faced a chimney fire issue as smoke filled the front room. After extinguishing the furnace fire, subsequent smoke seepage through exterior brick indicates mortar deterioration. A competent mason should be hired immediately to assess and repair the chimney structure to prevent a serious fire hazard.
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