MONEY INFLATION
AND THE PRINTING PRESS. “What about that printing press you were going to use for money?” said Mr. W. C. Kenneday to the Minister of Internal Affairs (Mr. W. E. Parry) when the Minister was replying at Te Aroha to a request for financial assistance to sports bodies. “I want to tell you,” said the Minister, “that even the printing press must have the brakes put on it, too. It can only be used in ratio to the quantity of goods we can produce. The money available in any country, whether printing press money or any kind of money, is limited by the annual production of wealth of the country. We have to keep the exchange in terms of money in ratio to the goods we produce. I want to disabuse the minds of those people who think that all we have to do to get money is to use the printing press.” Mr Parry concluded: “This Government is not travelling along that road.”
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Bibliographic details
King Country Chronicle, Volume XXX, Issue 4874, 23 July 1936, Page 5
Word Count
166MONEY INFLATION King Country Chronicle, Volume XXX, Issue 4874, 23 July 1936, Page 5
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