News of the Week T HE Economic Conference is passing through
a phase of confusion and uncertainty that will be disastrous. it it continues long. Resolutions far too numerous to be dealt with are flooding in from every side, committees too large to do effective work are being appointed because so many delegations want places on them, and progress towards stabilization, essential as a basis for the whole. work of the Conference, is being held up because no one. knows whether President Roosevelt will agree to anything. in that sphere and if so what. These are difficulties that can in one way or the other be surmounted, with the ex- ception of the stabilization deadlock. Even there Mr.- Chamberlain's speech on Tuesday, with its call for a -rise in prices and for the:co-operation of the Central Banks in supplying the necessary background of easy money, suggested thepoSsibility of co-ordination with an American policy of controlled reflation, though a course that takes Us nearer to America may take us further from Europe.•
