General Election

Press, 16 January 1979, Page 12

General Election

Sir, — I will agree with Mr Gy de that cheap money is more desirable than dear money. He will agree that money is a lubricant to facilitate the exchange between producers and consumers. Add more lubricant than is necessary and we reduce the value of all the money in circulation (inflation); put too little lubricant in circulation and we have an economy in grave danger of seizing up (deflation). The Savage Labour Government made a $10,000,000 Treasury Issue at per cent to finance the first State housing in New Zealand, after pressure by John A. Lee. It was a complete success, but this is not the time to add to the money in circulation. A price and wages freeze with proportionate reductions in interest on savings and fixed deposits for the freeze period would be more effective at this stage. — Yours, etc.,

J. SHARP. January 14, 1979.

Sir, — I support Sir John Marshall completely. L. H. Carmichael may call me a “National dissident” but, rather than prostitute my political principles, I chose to vote “Independent.” I had worked hard for the National Party, but six months of Mr Muldoon in office was sufficient to ensure my resignation. I believe in free enterprise, the rule of law and individual freedom. Our present Government flouts all these principles repeatedly. Bob Jones describes Mr Muldoon as New Zealand’s most socialist Prime Minister since the war. How true. Unfortunately he has manipulated a policy swing Leftwards also, leaving National supporters virtually disenfranchised. Consequently, many voted Social Credit, stayed home or, in electorates like Yaldhurst, voted Labour. National must heed Sir John’s words: get back to the basic principles of its own party philosophy and stop abusing the taxpayer by, among other things, financially aiding communist States such as Vietnam and Mozambique. — Yours, etc., E. SUTHERLAND. January 12, 1979.