WHAT IS THRIFT?
(To the Editor.)
Sir,—Your correspondent", "Do It Now," has hit the right nail on the head. Thrift is not hoarding, but wise spending, as was well shown by John M. Robertson some forty years ago in his fallacy of saving. How many times since the war have we been told by professors and politicians to produce more and consume less, and with what result? Surplus of wheat, tea, coffee, rice, rubber, cotton, and a host of other commodities, with consequent fall in prices to the dismay and prospective ruin ot producers. Low prices have not stimulated demand, nor has there been over-produc-tion. The aim and end of production is, or should be, the satisfaction of human needs. Never in, the history of the race were those needs greater than they are to-day. Never was there greater production or greater demand. Yet between producer and consumer, is a great gulf fixed. It is "up to" our professors of economies to show us how this gulf can be bridged. Of one thing we are quite sure, and that is, that this gulf will never be bridged by a policy of reduced, spending.—l am, etc., T.H.L.
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Bibliographic details
Evening Post, Volume CX, Issue 86, 8 October 1930, Page 10
Word Count
196
WHAT IS THRIFT?
Evening Post, Volume CX, Issue 86, 8 October 1930, Page 10
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