Show CLEAR AR CUT STATEMENT OF EUROPEAN PROBLEMS T arm problem of european rehabilitation Is sat et forth la in simple and clear cut term terms ia in statement tat ement of the general crinel plea pies involved pr spared for or the journal of at the american 4 morl ca A by D U andreon jr ao an economist of at national reputation iho baa boa devoted particular ludy study ta t america americas interest la in the foreign sir air A Ander goa these hulln rie as follow rol lows 1 rdo play of at private en on terp ripe I 1 Is the great hope of the future thi this means on an the ing ne hand that govern ment ments hould should withdraw w as rap rep idly As possible from the practice of breed broad subsidies ubI dle unemployment dole doles public opera alon and control of at industry and the like it means en on the other hand that many gov covson rn menti mut must perform far bet ter tar than they have been per forming what ta to perhaps the greatest economic fun funt won tia of government the provision provi of aund sound money je as a bas basis for safe af business bual neca 2 Z economic considerations must be given priority over political considerations find and steps tot board ord i must be based on an a realistic summing up of assef and lla ila atle 3 patchwork Patch vor solutions deal inn ing with only one or two ele niente of the problem are un likely to be just reparation and inter duiff stilt public finance currency reform and to on arf arr beoit re tied together flether to it Is rac roo ess doiy f that we should under take to all of them in one tam brehe rehe naive nil ve plan if f we are to in connection tah 0 any aly of the them m A plan 4 A comp r aln should undertake to com th things a it the restoration ot at the laue moneys 3 ct continental europe to a gold L list 2515 sine tola this obviously caboot lacot bg be done for most ot of the th former belligerents at the old cold pare oars it 1 Is necessary that never add much lower fold gold pars should be established at which gold sold redemption red d demp tion can bo be spi speedily edily begin and ad corta certainly maintained la in tle case ca of those currencies whose values have approached the ranie ld ins U V point d t even yon more drastic measure ial be u r es i may n bo necessary b public aln brince aces must be reformed by such drastic increase s in 11 taxes and luch such radical reductions I 1 in expend expenditure iturea as will en atef tb 0 to pay par their without farther further increase au u debt floating debt debts aenid bo be funded into long timo issues tc 0 A workable adjustment of the reparations problem based on economic realities Is essential essen ital d artificial trade barriers must bo be greatly modified a the government governments of at great ordain and the united states ID to cou consideration of radical reforms ref on the continent ot of europe can welt well afford to reduce greatly or even cance cancel tto the debts of their con cou tin allies f t the bankers of the united states great britain japan and perhaps other non european Fur coun ries tries in to consideration consid Cration of reforms in continental europe l urple ana and bruu ald wad b ready to place w with ith the investors ot of their countries substantial blocks ot 0 continental securities to 0 o provide necessary working capital to facilitate abe aej cur rency rl ornis orai end and to assist in industrial du on the contin ait ot at europe europa taking great that DO no part of at mhd new loans bh b ji vt for nonessential non essential purpose seit |