Show BOOM IN OFFING SEEN BY BABSON BAD SON PHOENIX Ariz Feb 19 UP UP- UP Roger Babson nationally known economist and to today today today to- to day characterized the U U. S S. S s supreme supreme court decision on the new deal gold policy the most momentous vict victory ry during durins President Roose Roosevelt's Jl's admin admin- The decision of or the supreme court will bring about much improved improved improved im im- im- im proved conditions Babson said Nothing can stop a sharp and rapid rise in commodity cost of ot living will go up along with the prices of cattle sheep farm products and ond other commodities and generally better times will return Another bright ray In the decision derision deci deri- sion is the fact it will retard government government government gov gov- spending and will stimulate stimulate late cash transactions in spite of oC the fact tact It will retard long term credit Government spending will be retarded retarded re re- re- re b by placing more mone money in circulation and giving more people employment through the increase In demand that thal will result from the thel court action he explained Had the decision been reversed he said it would have meant banks hanks would loosen up on loans o over er long term periods Babson characterized tho the Inflation Inflation tion movement as that of ot a bank cashier manipulating his records There will be a day of reckoning from Crom this inflation movement he warned but no one can tell how ho howlong howlong long before that day will set in It probably will not be for Cor a few Cew years yet Ve We arc are licked now and we might just as well realize realize realize real real- ize it The They have shifted from Crom one oxygen tank to another and it will probably mean new life to business and industry industry but but but no one can tr tell ll how long this will last Jast If the government government gov JOV- doesn't care about the value of oC the dollar It should repeal Its counterfeiting laws Babson is here on a return swing across the nation making malting a R survey SUf of ot general business conditions He Hc will leave for Cor the east tomorrow |