Magazine content is available exclusively for TIME subscribers.RECOVERY: Simple Plan
In Washington one evening last week a gaunt, kindly old man uprose before a small group of people, including 20-odd Congressmen, and began to talk softly but zealously. "The Depression," said he, "was caused by only one thing — failure of the country's purchasing power. The solution is simple. Give all the aged a pension and the task of spending it every month, before they could receive more. Purchasing power will be restored. Business will boom. Prices will go up, of course. But what's the difference? Everyone will have plenty of money....
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