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"be a serious problem. The British debt will probably be near $90 billion compared to 

 te8 billion after the last war, and for the United States $250 billion compared to 

 $26 billion. Foreign trade cannot be carried, on without stability of exchange, and 

 the recovery is not possible without a certain amount of foreign trade, particularly- 

 for debtor countries. Monetary controls are basic to postwar readjustments and much 

 moro important at all times than the general public' realizes. 



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