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...debt. For when a country refuses to accept gold as the final discharge of a commercial obligation, free trade and cancellation become sole alternatives. The choice between cancellation and free trade is politically no choice at all; and the outcome, even if no more than the destruction of another meaningless political fetish, the tariff, will have more than earned the professors their salt...

Author: NO WRITER ATTRIBUTED | Title: THE GOLD BUG | 2/5/1934 | See Source »

...radical question of public ownership Much of the radical criticism of President Roosevelt, from the beginning of his administration, has been directed at his refusal to answer this question. Much of the conservative criticism has been directed at his obvious intention to carry out legislative reform which would be meaningless, because unsanctioned, unless he answered it in the affirmative. The tragedy of the President's position is that both of these criticisms are perfectly sound...

Author: NO WRITER ATTRIBUTED | Title: ROOSEVELT'S MESSAGE | 1/5/1934 | See Source »

...very homesick. At first college seems wonderful, in spite of the grimy furnace room he inhabits, the scarecrow clothes he has to wear, the scanty food and few friends. Gradually his high idealism is undermined and he begins to see college as a picture of an unjust and meaningless world outside. "Forenoon" McClintock, a rapscallion fellow-roomer in Vridar's boarding house, helps to complete his disillusioning education. "Forenoon," a devil with the women, is always after Vridar to join him in his forays. But Vridar considers himself engaged to easy-going Neloa Doole at home. Besides, when...

Author: /time Magazine | Title: Books: King Christina | 1/1/1934 | See Source »

...domination of Germany what Pitt saw in Napoleon's victory at Austerlitz. Says Mr. Simonds: "When Hitler captured Germany the time had similarly come to adjourn the sessions of the League of Nations and to fold away the Kellogg Pact and all similar parchment collections of words become meaningless in a contemporary world. His coming marked the transition from a post-war to a pre-war era." U. S. participation in the last war temporarily rescued the European balance of power, "therefore accomplished no more than to assist Europe in preparing the way for the next." How soon will...

Author: /time Magazine | Title: Books: Post-War into Pre-War | 12/25/1933 | See Source »

Some of the probable industries to be forced into cartels are coal, iron, steel, textiles, shipbuilding. Since the Conservative Party is dominated by industrialists they will be the class favored in opposition to the financial, reatier, and labor groups. Labor can be bought off by a meaningless advisory board which can be proclaimed in glory and stified at leisure, and the rentier class can be taken in by the prospect of no write-off of bad investment. Then the government entrepreneurs can proceed to scotch both of them by the invisible, intangible method of raising prices by restriction of production...

Author: NO WRITER ATTRIBUTED | Title: Yesterday | 12/12/1933 | See Source »

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