Philosoph (1867-1937). Brief mit eigenh. U. New Haven. 1½ SS. 4to. Gedruckter Briefkopf “Yale University”.
$ 320 / 300 €
(7024)
Charles Bakewell (1867-1937), Philosoph. Brief m. e. U., New Haven, 30. Dezember 1932, 1 ½ Seiten 4°. Gedruckter Briefkopf “Yale University”. An den Mediziner Joseph M. Flint (1872-?) über volkswirtschaftliche Belange: „[…] The root of the difficulty is that France and Italy have revalued gold. England will be forced to do the same thing when she comes back to the gold basis. We are still keeping the valuation fixed about sixty years ago. This means that in all our exchanges we are using a measuring rod of diffent length.
The fact is that the whole currency and credit probelm is one of extreme delicacy and difficult of solution. It is one of the things new administration will have to face and it is going to be difficult to keep the wild inflationists from carrrying the day […]”.