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Richard M. Boeckel, Editor.
Copyright, 1938, Editorial Research Reports 1013 Thirteenth Street, N, W. Washington
Principal Powers of Currency Inflation
The most conspicuous governmental powers for guidance of the nation's economic life are those financial instruments which aim at regulation of the supply of money and credit, and control of the cost of capital. Within the framework of existing law the government at Washington has great and varied powers to expand the supply of money—including bank deposits—and, conversely, to contract it. If the administration wishes to pursue one course or ...