The economy
Sir, — After the depression of the 1920’s I believe the famous British economist, J. M. Keynes, founded the theory that during times of depression a country such as New Zealand should borrow heavily overseas and spend the money here to stimulate economic growth, rather than retrench and stifle development to all but overseas concerns, (soul selling). The theory can be applied to a sick man unable to work and without money. He has two choices open to him. First, he remains ill, hoping for a miracle, and dies hoping (or at best suffers a long and degrading illness). Second, he borrows money for medicine and recovers, goes to work and repays the loan. He may be in debt for a long time but he has health and some “real” hope for the future. A third choice could exist: he sells his soul for good (?) health. — Yours, etC “ G. A. ROSS. Rangiora. August 13, 1980.
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Press, 15 August 1980, Page 12
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156The economy Press, 15 August 1980, Page 12
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