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278
STABILIZING THE DOLLAR
[App. IV
If the price level is left, as it always has been, to chance, the grave evils of this policy, or lack of policy, may be greater in the future than they have been in the past, because of the already inflamed or Bolshevist condition of the public mind.
In short, we now hold the future prosperity and stability of the world in our hands. The situation, both as to the price level and as to public interest in the price level, is such that we have a rare opportunity to take a new step forward in our economic life, a radical step to be sure but one which will save us, as nothing else can, from the dangerous radicalism with which we are now threatened.
