ANOTHER DEPRESSION

Press, Volume XCII, Issue 27794, 20 October 1955, Page 9

ANOTHER DEPRESSION

, . sir —Replying to R. s. Wheeler and his political beliefs, read one of greatest books written of this century, perhaps one of the greatest of centuries. “The Decline of Thi West,” by Oswald Spengtar.-Youm October 19, 1955. C ‘ MacLE AN.

® Er .’ H. S. Wheeler writes that people borrow from the banks instead ?teFt V he ng mor rSt - Surel3 ! he must reahse goods h wm or ® ™°. ne y is saved the more HoSiX w 11 remain unsold, and if the banks are prevented from issuing depression Si I?" 1 the . another aepression will soon be on th a wa-v- t submit that taxes such “ saleT tax ous P °mh d ers ieS ’ e^ e and OUS others must be added to nricesand these taxes are largely used by the be rediefrt i a Xes and P rices could and everybody would be Prosperous. Orthodox governthe Ch v S , National and Labour, pawn the nation s credit to the private money monopoly; but a social credit government would use Reserve Bank n avoid e anot‘h moac - v with goods and e° c avold another depression.—Yours, October 19, W ’ STE ™.