Inflation
Pete Smith explains how FDR's inflationary policies are going to get factories moving and employment up. Using graphs, Smith examines how the purchasing power of the dollar has been rising as real wages and the cost of living have declined. He explains, using down-to-earth examples of the price of steel pipe and the need to purchase goods before prices rise, how those lines of a dollar's purchasing power, wages, and the cost of living are going to converge. Steel orders will increase, delivery trucks will need gas and new tires, the gas station owner can afford oral surgery, the dentist will order a car, and steel production will rise. Jobs. Happy days are here again!
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