Budget Balancing vs. Pump Priming

Archive Report


The right to reproduce material contained in Editorial Research Reports is strictly reserved to the newspaper clients of the service. Verbatim use of such material by others will be permitted only upon written authorization of the editor.

Richard M. Boeckel, Editor.

The Administration and the Business Slump

President Roosevelt in his message to the special session of Congress, November 15, conceded that the current business slump, in so far as it had the effect of decreasing the national income, was “a matter of definite concern,” but he insisted that “with the exercise of ordinary prudence, there is no reason why we should suffer any prolonged recession, let alone any general economic paralysis.” The message displayed a conciliatory tone toward business, stressing the consideration now being given by ...

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