Francis M. Bator

Miss Prism, instructing Cecily Cardew to read her Political Economy, added a warning to omit the chapter on the Fall of the Rupee: "It is somewhat too sensational Even these metallic problems have their melodramatic side," And so they do; but my story will not do it justice. I believe that the story of international money, and of our own balance of payments, allows no place for villains and little, even, for fools. To be specific: my contention is that the difficulties which we have faced in international finance have not been the result of American wickedness or irresponsibility or foolishness, or, indeed, of the wickedness of mythical short men in Zurich or mystical tall men in Paris.