DANGER OF INFLATION
MONTREAL, September 17. ) Discussing the economic back-1 ground to peace in his report to.thej conference of the International Labour Organisation, which opens in Montreal on September 19, the director (Mr E. J. Phelan) said it had been proved during the war that public enterprises working- together could achieve a level of production, the utilisation of resources, and a degree of economic stability not achievable by private enterprises alone. 'The danger of inflation was the chief present anxiety. If price rises continued,, few countries would escape consequent economc collapse. Wage increases, arising from increased productivity, and not, he said,' reflected in profits, did not represent an inflationary threat, but an • agreement between labour and in-;; dustry to increase respective in- ! ■ comes had to be avoided if the world, was to escape disaster.
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Greymouth Evening Star, 19 September 1946, Page 7
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134DANGER OF INFLATION Greymouth Evening Star, 19 September 1946, Page 7
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