Abstract

Prosperity Regained

This article focuses on the book "The Coming American Boom," by L.L.B. Angas. For those who believe in the efficacy of monetary measures as a cure for the depression Angas has written a significant and highly encouraging volume. Its importance lies in the fact that it is both a sympathetic interpretation of the U.S. Administration's financial policies, in itself a rarity, and a prediction that these policies will usher in a period of unparalleled prosperity. For Wall Street brokers and their clients, jaded by a never-ending stream of "confidential" memoranda predicting an imminent breakdown, this is indeed a refreshing view. And there is just enough truth in the analysis to make it intriguing to honest observers who are striving to anticipate the probable trend of events.