ON BRINK OF INFLATION
Baruch Warns America (Rec. 9.30 a.m.) NEW YORK, April 16. Mr Bernard Baruch, former member of the Uno Atomic Energy Committee, addressing the State Legislature at Columbia, South Carolina,\on the occasion of the unveiling of his portrait, said: “We are on the brink of an engulfing inflation. There is only one way out and that is by work. The more we produce the less will be the cost of living. The more things we can buy the easier will be the building up of our reserves. “We are in the- midst of a cold war,” he continued. “Our enemies are to be found abroad and at home. Let us never forget this. Our unrest is the heart of their success. World peace is the hope and goal of our political system. It is the despair and the defeat of those who stand against us.” I Mr Baruch declared that if America adopted the five and a half day 44liour. week, with no strikes or layoffs, until January 1, 1949, the result would be electrifying. On the other hand, vast inflation would be the greatest blow stripping the United States of her strength, thereby failing civilisation, for there was no other place left to which to turn for regeneration.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AG19470418.2.28
Bibliographic details
Ashburton Guardian, Volume 67, Issue 159, 18 April 1947, Page 3
Word Count
212ON BRINK OF INFLATION Ashburton Guardian, Volume 67, Issue 159, 18 April 1947, Page 3
Using This Item
Ashburton Guardian Ltd is the copyright owner for the Ashburton Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Ashburton Guardian Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in