The Age of Magic Money
Can Endless Spending Prevent Economic Calamity?
There will not be economic or political health in Europe until we have faced and dealt with the German problem. Neither Britain nor France, war-weary, in financial straits and preoccupied with domestic and empire problems, can shoulder the major part of the burden of making a settlement in Germany. The United States is the only western Power which has the capacity, if it has the will, to take the lead and to see the task through. The performance of this task demands American initiative, ingenuity and money in large amounts. The money is not charity; it is part of the cost of World War II. It is also an investment in our own future welfare and security.
Germany must be dealt with in the framework of Europe. If the settlement is to bring economic health to Europe, it must advance the economic stabilization of all of Germany's neighbors and help