News
News Flash: Memory Shop and Anime Zakka to Open in Harvard Square
News
Harvard Researchers Develop AI-Driven Framework To Study Social Interactions, A Step Forward for Autism Research
News
Harvard Innovation Labs Announces 25 President’s Innovation Challenge Finalists
News
Graduate Student Council To Vote on Meeting Attendance Policy
News
Pop Hits and Politics: At Yardfest, Students Dance to Bedingfield and a Student Band Condemns Trump
Terming the New Deal an artificial stimulation to business which had failed to restore prosperity, Bruce Bliven critically dissected it before the Liberal Club last night. He also stated that Roosevelt's re-election in 1936 was nearly inevitable.
Bliven denounced the NRA as "the most painful and conspicuous failure of the administration," enabling manufacturers to boom prices out of properties to wages, thus weakening the nation's buying power and necessitating a drop in prices.
He accused the PWA of lowering the purchasing power of the nation and being too slow for effective relief. Nor was he more optimistic concerning the new public works program. "At best" he said. "It is a dubious experiment. Many cities cannot and are not willing to carry the entire burden of the new program, and the $12.50 weekly alloted to each family is little better than a dole."
Roosevelt has neither socialistic or fascist tendencies, he contributed but is trying to establish a planned economic system to prevent future disaster. This is the only hope left to capitalism.
Want to keep up with breaking news? Subscribe to our email newsletter.