WAGES AND INVESTMENTS.
A PROPHECY OF BETTER TIMES. (To the Editor.) For many decades interest charges hava gradually become a heavier and heavier tax on currency. Prices, on the whole, have been gradually rising. This nae also put an increasing load on currency. The result is that the total currency of the whole world is> too heavily loaded to carry on, unless it is increased in extent. An increase is unlikely ■ •because that remedy is called "inflation" and is frowned upon 'by banking and financial circles. Something has got to go. Prices •must come down. The axe has 'been laid to the root of the tree (if it is the root). Labour must come down ten per cent and prices aro expected to fall proportionately. In the meantime money is being withheld from investment. Therefore, when the whole scheme of the ten per cent "cut" has been carried out to its fullest extent money will come out of its shell and the depression will be over, not before. How's that for a prophecy? KZEKIEL.
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Auckland Star, Volume LXII, Issue 103, 4 May 1931, Page 6
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174WAGES AND INVESTMENTS. Auckland Star, Volume LXII, Issue 103, 4 May 1931, Page 6
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