CORRESPONDENCE
BORROWING AND INFLATION
(To tho Editor.)
Sir, —I would be glad if anyone could tell me the effect, or difference in effect, in the following three methods of borrowing money:—First, to borrow £10,000,000 in New Zealand money on the English market at interest; second, to borrow £10,000,000 on the New Zealand market at interest; third, for the Labour Government to get control of the Reserve Bank and issue £10,000,000 New Zealand bank-notes, thus paying no interest. Is one process more inflationary than the others?—l
am, etc.,
INQUIRER.
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Bibliographic details
Evening Post, Volume CXX, Issue 135, 4 December 1935, Page 10
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88CORRESPONDENCE BORROWING AND INFLATION Evening Post, Volume CXX, Issue 135, 4 December 1935, Page 10
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