Magazine content is available exclusively for TIME subscribers.National Affairs: What Next?
After a sensational three-month spurt President Roosevelt's recovery program was slowing down last week. Farm prices had sagged from July highs, leveled out flat. September business was lagging behind August. NRA had yet to produce its miracle of re-employment. Public works made more headlines than new jobs. Banks were still tight-fisted on credit. Labor troubles pocked the land. Price rises due to NRA tended to cancel out A. A. A. gains in farm purchasing power. President Roosevelt was being bombarded with redoubled demands to turn to direct currency inflation as the one quick,...
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