The Great Depression by Lionel Robbins

Author:Lionel Robbins
Language: eng
Format: epub, pdf
ISBN: 978-1-61016-610-2
Published: 2013-09-22T16:00:00+00:00

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[1] Whether this would happen now if Unser Führer in his wisdom decided to put Dr. Feder’s plans into operation, is another question. Perhaps inflation is only conceived to be possible when there are Jews about. When there are good Aryans behind the counter prices do not rise!

[2] It is perhaps worth noting that this diagnosis is not a case of wisdom after the event. The substance of this section is adapted, with very little alteration, from a memorandum written in conjunction with a friend for private circulation in the early summer of 1932.

[3] Board of Trade Index (1913 = 100). See Statistical Appendix, Table 5.

[4] For the figures on which it is based see Statistical Appendix, Table 36.

[5] Whether the advantage was permanent or not depended upon the extent to which there had previously existed real over-valuation of the currency. If this were not the case, then necessarily the measures taken to depress the exchange must in the long-run wipe out the advantage of depreciation.

[6] See the Economist, vol. cxvi., Jan. 21, 1933, p. 113.

[7] Anti-Depression Legislation, p. 101.

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