THE HIGH COST OF LIVING
DUE TO INFLATED CURRENCY. REPORT OF LABOR COMMITTEE. (Received Sept. 9, 7.25 p.m.) LONDON, Sept. 8. An interim report of the committed appointed by the chief Labor organisations* to inquire into the cost of living deals with the effects of the inflated currency, which the committee regards as the main factor of high prices, not shortage of commodities, as the world’s production of goods has not fallen more than 20 per cent. The report- states that gradual deflation of the currency till depreciation in terms of gold ig*“ eliminated will reduce the general level of prices about 20 per cent., but drastic deflation would cause widespread, unemployment, and probably a fall in wages. A development of the world's productive capacity would resu’t ultimately in a substantiajjjfall in prices.—A. and N.Z. C.A.
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Gisborne Times, Volume LIII, Issue 5582, 10 September 1920, Page 5
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136THE HIGH COST OF LIVING Gisborne Times, Volume LIII, Issue 5582, 10 September 1920, Page 5
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