The Age of Magic Money
Can Endless Spending Prevent Economic Calamity?
THE tremendous events which have taken place since 1939 make what happened before the war seem dim and faraway. The spread of the terrorist Nazi power until it became a world menace; the downfall of that power; the Armistice and the ensuing conferences; and now the difficult explorations of a new world policy -- these pages of history fill our minds. In comparison, the details of earlier events seem obscure and relatively unimportant. Many people have come to accept the idea that Austria is just a small appendage to the so-called "Greater Reich," forgetting their own indignation when the Nazis first asserted that idea. If, somehow, the defeat of Hitler had occurred in 1940, how eager the world would have been to separate Austria from Germany, how widely her claim to sympathy would have been recognized!
It is possible to understand the fate of Austria only if we look back to the