MONETARY REFORM
Sir,—l was surprised to find that, in meeting "Multum in Parvo” in jocular vein, I had made a mistake. I did not imagine that he was, or could be serious in attempting to analogise Abraham's purchase of a mausoleum with 400 shekels of silver with, sav, Mr. Holland’s present-day flotation of a loan for public purposes. None can deny that this loan establishes a debt. Any other money in circulation, in the ordinary way, can be traced back to debt contraction. This fact cannot be disputed and logically “truth” can still wear the crown.
“Multum in Parvo” did not cite a loan, therefore there was no parallel and no debt. “Truth” evidently thought the query of too trivial a nature. Monetary reform is a fixed principle in world affairs today and many birds of a feather are whistling the more splendid sung. JAS. MORRISON
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Bibliographic details
Gisborne Herald, Volume LXXVII, Issue 23271, 5 June 1950, Page 4
Word Count
146MONETARY REFORM Gisborne Herald, Volume LXXVII, Issue 23271, 5 June 1950, Page 4
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