Increased Trade
Sir, —Your editorial on Tuesday was a symphony in D flat(e) with overtones of doubts and hopes. The task of getting the 10 major nations to agree on any financial policy is well-nigh impossible under the established conventions of debt and interest The world situation can be likened to a man sinking in a sea of unpayable debt, but not one nation is prepared to jump in with the lifebelt However, your final sentence makes up for al! the shortcomings. I quote: “More important perhaps, is the recognition that world trade should be regulated not by the abundance or scarcity of international reserve currencies and gold but by a human institution designed to meet the needs cf its members.” I think I can sneak for thousands who will say amen to that prayer. It epitomises the philosophy of Douglas. Given the will, any nation can get out of the tangled mess of debt without outside help. —Yours, etc. W. M. BRAY, Leeston, August 30, 1967.
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Bibliographic details
Press, Volume CVII, Issue 31462, 31 August 1967, Page 10
Word Count
167Increased Trade Press, Volume CVII, Issue 31462, 31 August 1967, Page 10
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