Suggested Cure for Business Depressions by Economist Washington, Dec. 28, Addressing the American Econ-comics Association here to-day, Professor L.D. Edie.of Chicago Univer sity suggested the international Pooling of gold as a cure for business depressions, which, he argued, were due to under-production now gold. Such a plan, he said, would involve the establishment of "a gold league of nations."
Professor Edie pointed out that! the production of new gold had' been falling off below the 27 per per annum necessary to the maintenance of a stable price level during a considerable " period. Reuter.
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