To Avoid Inflation

Soule, George
April 1941
New Republic;4/14/41, Vol. 104 Issue 15, p489
Focuses on ways to prevent inflation. Effect of rising prices on inflation; Statement that abandonment or modification of the gold standard need not cause inflation; View that serious inflation can occur in concealed forms or in limited areas of the economy; Discussion of virulent inflation in real estate and the stock market; Opinion that there was also a concealed inflation in the prices of manufactured goods; Impact of price rising on the stream of goods and services; Report that speculation may occur in stocks, in land and buildings, in materials like cotton or copper, or in ordinary processed or manufactured goods; Reason for no inflation in the U.S.; Discussion of unused productive capacity in every branch of industry and agriculture; Suggestion that an increase in productive capacity can greatly enlarged stream of income that may not run headlong into a restricted supply of goods; Statement that the growth of the money income of the nation should be stopped when its full productive capacity is reached; Information on a direct governmental intervention as a measure to stop price increase.


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