AN ECONOMIC RIDDLE.
TO THE EDITOR. Sir, —In the course of an interesting article to-night entitled ‘Americanisation,’ you quote an observer of European affairs as saying, inter alia:— “ Both France and Germany went through a period of depreciated currency after the war, which enabled them to wipe out all capital debts and begin anew.” The subject is a dark one, and the various explanations of it are difficult to reconcile. The difficulty to me is that: If creditor nations insist on payment in gold, what do debtor nations gain by juggling with paper? If France is prosperous from the cause assigned, how has it come about?—l am, etc., J.M. - January 2.
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https://paperspast.natlib.govt.nz/newspapers/ESD19300103.2.14.2
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Evening Star, Issue 20373, 3 January 1930, Page 2
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111AN ECONOMIC RIDDLE. Evening Star, Issue 20373, 3 January 1930, Page 2
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