Magazine content is available exclusively for TIME subscribers.ECONOMICS: Delicate Discussions
To U.S. Senator Claude Pepper, postwar economics were as simple as WPA. He blew into Moscow, had a 45-minute talk with Stalin, then called in the press.
"Boys," said he, "I can't tell you what Stalin talked about. Before I left Washington I learned Russia would like a $6-billion credit from the United States. Now I understand Russia is prepared to become a good customer of the United States. Now, I believe Russia wants that credit to help reconstruct war damage and build up the living standard of the Russian people, and not for the purpose of further development of military...
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