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Defending the New Deal's policy of regulation of business, Harvard debaters were defeated by a 2 to 1 decision last night at M. I. T. Under the Oxford system, the two teams argued the proposition: "Resolved, That the New Deal should continue its program of business regulation."
The Crimson team, composed of Robert S. Clements '40, John R. Weston '38, and Henry D. Wyner '39, claimed that the New Deal has corrected several of the causes of the excesses of the 1929 depression and that its policies have restored confidence in our economic system. Moreover, they argued, the administration's economic program has been a significant factor in the general upturn of business and has done much to aid low wage groups.
M. I. T., on the other hand, claimed that New Deal policies have led to the present slump, and have caused a large degree of uncertainty and lack of confidence in the business world, besides merely providing immediate relief at the expense of the future.
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