Financing the War
The question “Where is the money coming from?” was asked by many people about post-war reconstruction, because of their belief that so much money had gone on the war, said Professor A. H. Tocker in an address to the Canterbury Manufacturers’ Association last evening. It was certain, he added, that the nations could not spend money which had not been earned or consume goods which had not been produced. The real income of New Zealand after the war would be the amount of production, less a proportion to pay the interest on overseas loans. A small increase of 2 per cent, in production would probably be more than sufficient to pay the interest on loans raised for this war.
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Bibliographic details
Press, Volume LXXVIII, Issue 23812, 4 December 1942, Page 4
Word Count
122Financing the War Press, Volume LXXVIII, Issue 23812, 4 December 1942, Page 4
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