Finance.

Item request has been placed! ×
Item request cannot be made. ×
loading   Processing Request
Read Online Read More Add to Saved list
  • Source:
    Nation. 7/3/1913, Vol. 97 Issue 2505, p20-21. 2p.
  • Additional Information
    • Subject Terms:
      BANKING industry; MONEY; PRICE inflation; FINANCIAL markets; PRICES; FINANCE
    • Abstract:
      The article focuses on the status of financial markets in the U.S. as of July 1913. The two points in the new banking and currency bill which have impressed themselves most definitely on the financial mind are the refusal of the dratters of the bill to provide for a representation of experienced professional bankers on the national supervisory board of the new system, and the inflationist bent of the original currency proposals. It is never easy for financial markets to determine what to do about an inflation argument; because currency inflation automatically drives up prices, even when the longer consequences of such an undertaking are sure to be unfortunate.