University of Utah Student Newspapers--The Chronicle | 1933-05-18 | Page 3 | Conference Decides Causes of Depression

Conference Decides Causes of 01 Depression I Cleveland Cleveland- IP Opinions of every shade concerning the depression depression depression depres depres- sion what caused it and how and when we are going to get out of it were expressed here at the Economic Economic Economic mic conference of the Adult Education Education t tion on Association E. E W. W Kemmerer professor of economics at Princeton University and an advisor to many foreign governments held that the gold standard was faulty but still the best available and only fools would tinker with it Paul Mazur New York banker said he had a horror of what might occur under schemes schemes' of managed currency F. F A. A Pearson professor of fin ance ante and statistics at Cornell University University University Uni Uni- predicted a continuing lower price level until 1945 if the price of a fixed quantity of gold continued to fluctuate as it had inthe In Inthe Inthe the past Dr Harvy A A. A Wooster professor of economics at Oberlin College said the principal trouble was the lack of a managed currency He lie recommended a mixture of gold and silver Fr Prank Frank T. T Carlton professor o of of economics at Case School of Applied Applied Applied Ap Ap- Ap- Ap plied Sciences said he suspected that in all discussions of a gold standard too much faith was put in tradition