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Inflation Policy Debate and Gold Standard Critique
A heated discussion outlines a plan where the President negotiates with Federal Reserve banks to buy government obligations and issue currency up to 8 billion, aiming to curb inflation and reduce gold reserves. Opponents warn inflation risks, urging a shift from gold to a commodity-based value and stronger farmer cooperatives to stabilize the economy. The piece also emphasizes keeping dollars circulating to support employment and repair projects, plus a medical aside on appendicitis deaths in Iowa.
MENTIONED IN THIS ARTICLE
Federal Reserve Banks
Thésbahke
Treasuries
Humboldt