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Folder, "Walt Rostow, Vol. 25, April 1-15, 1967 [2 of 2]," Memos to the President, NSF, Box 15
(Item)
- and trade to the point of extinction. Inflation increased as , the government 4 sought to finance military expenditures by issuing Treasury notes in large amounts. Its 1814 loan failed disastrously. The Boston Gazette warned: "Any man who lends: his money
- to the point of extinction. The government at Washington·was rushing toward both bankruptcy and inflation - issuing treasury notes in large amounts, despite the disastrous failure of its 1814 loan. The Boston Gazette warned a_n y soft-minded financiers · who