Cure for balance of payments problem proposed by economist
New York based economist Dr. Sidney E. Rolfe argues a long term approach is needed to fix the U S balance of payments. His book Gold and World Power criticizes the tax and restraint methods and favors a crawling peg exchange system with wider currency fluctuations. He cites past costs to the economy and rising unemployment as warnings. In Greensburg Pa Albert Palangio 55 dies after a roller crush accident at Waltz Mills.
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