PROFESSOR'S COMMENT

Evening Post, Volume CXV, Issue 94, 22 April 1933, Page 12

PROFESSOR'S COMMENT

(By Telearaph.) (Special to "The Evening Post.") DUNEDIN, This Day. Local bankers are agreed that America's latest move is an effort to recapture the export trade. A business man said that the reversion of America off the gold standard meant that' the landed cost of American goods would automatically be less than three years ago, and this meant in turn that the British export trade would be affected. As far as Australia and New Zealand were concerned, America was hampered by tho 25 per cent, exchange and also the 5 per cent, sales tax. It was an interesting question as to how long such a position could last. ■If British exports were falling because of our attitude, then it seemed to follow that we would find it difncult to sell our own exports to. Britain, almost our only buyer. , kffhj. .American -^oblem -j^-cle§rjg^

similar to'tho problems of other countries, in that the feeling is rapidly becoming much stronger that some device is necessary to raise the general price level, thereby relieving the burden on debtors and making possible the reemergence of profits," said Dr. Fisher, Professor of Economics at OtagqUnitjrejßJip'