Treasury bill interest
Sir,—That great inventor, Thomas Edison, stated: “If your nation can issue a dollar bond, it can issue a dollar bill (note). The element that makes the bond good makes the bill good, also.” Why must our Government sell our bonds at over 25 per cent interest — absolute inflation? Because of our conditioned minds to accept slogans in place of ideas we allow this to continue. If the Government must sell bonds to siphon surplus cash out of circulation it should accept cash only, so preventing the creation of new credit. It would be
interesting to know just who is governing this unhappy but nevertheless wonderful land.—Yours, etc. FRANK ALACK. Nelson, September 14, 1985.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19850920.2.107.5
Bibliographic details
Press, 20 September 1985, Page 16
Word Count
116Treasury bill interest Press, 20 September 1985, Page 16
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in