Germany Mortgages the Future To Subsidize the Present.

The article analyzes the question on whether or not two developments in Germany would have an inflationary effect on the country's currency and the position of the Reichbank. The first is the legislation of an economy program which would subsidize industries through the refund of taxes for the purpose of increasing public works, employment and wages. The second is the drastic increase in taxes on German imports, most of which are from the U.S.