DOUBTFUL BLESSING
(Press Assn.-
AMERICAN ECONOMISTS VIEWS ON WORLD'S DEBTS TO U.S. COULD BE USED TO BARGAIN
-By Telegraph— Copyright).
Rec. Jan. 11, 7.0 p.m. NEW YORK,' Monday., Professor James Harvey Rogers,; professoi* of political economy at' Yale University declared that the cost of a general cancellation of war debts would fall on America, which ,should receive in 1932 £48,000,000, increasing to £100,000,000 in 1984. Nevertheless, Professor Rogers considers that America, following ihe Hoover moratorium, should cancel the debts, which are a burden to Eur-i ope and a doubtful blessing to the United States. - ; Meanwhile she could use the debts to America as a lever to induce other countries to lower the tariffs on American goods. ' •
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Bibliographic details
Rotorua Morning Post, Volume 1, Issue 119, 12 January 1932, Page 5
Word Count
116DOUBTFUL BLESSING Rotorua Morning Post, Volume 1, Issue 119, 12 January 1932, Page 5
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