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Editorial
October 22, 1923
The Bismarck Tribune
Bismarck, Mandan, Burleigh County, Morton County, North Dakota
What is this article about?
Editorial notes historically high cost of living due to weakened dollar, praises human ingenuity in inventions, and calls for stabilizing currency to prevent boom-bust cycles, favoring steady economic conditions for ordinary people.
Clipping
OCR Quality
98%
Excellent
Full Text
COST OF LIVING
Cost of living is higher than ever before in history, according to various leading organizations of economists. It merely means that the buying power of the dollar has sagged. The brain of man--which conceived radio, X-ray and the airplane (the three greatest inventions from an imaginative standpoint)--surely is capable of finding a way to stabilize the buying power of the dollar. That would put a stop to these habitual periods of soaring prices, alternating in cycles with crashing prices. In other words, end the rotation of excessive prosperity and excessive depression. The plain people would prefer a happy medium, constant.
Cost of living is higher than ever before in history, according to various leading organizations of economists. It merely means that the buying power of the dollar has sagged. The brain of man--which conceived radio, X-ray and the airplane (the three greatest inventions from an imaginative standpoint)--surely is capable of finding a way to stabilize the buying power of the dollar. That would put a stop to these habitual periods of soaring prices, alternating in cycles with crashing prices. In other words, end the rotation of excessive prosperity and excessive depression. The plain people would prefer a happy medium, constant.
What sub-type of article is it?
Economic Policy
What keywords are associated?
Cost Of Living
Dollar Buying Power
Economic Cycles
Price Stability
Prosperity Depression
What entities or persons were involved?
Leading Organizations Of Economists
Editorial Details
Primary Topic
Stabilizing The Buying Power Of The Dollar To End Economic Cycles
Stance / Tone
Optimistic Advocacy For Economic Stability
Key Figures
Leading Organizations Of Economists
Key Arguments
Cost Of Living Is Higher Than Ever Before In History
Buying Power Of The Dollar Has Sagged
Human Brain Capable Of Stabilizing Dollar's Buying Power Given Inventions Like Radio, X Ray, And Airplane
Stabilization Would End Cycles Of Soaring And Crashing Prices
End Rotation Of Excessive Prosperity And Excessive Depression
Plain People Prefer A Happy Medium Of Constant Stability