TIMELY TOPICS

Northern Advocate, 4 May 1933, Page 4

TIMELY TOPICS

ECOXOMK’ IVTSRAKE

The refusal of the Government to do what every expert had declared must Vie done if prosperity was to be re-established had ended by reducing the world to economic chaos, by making the economic confusion which the war produced, already bad enough, worse confounded, said Sir Norman Angell, in a lecture recently. If Governments had not thus consented to

follow- the wrong policy, if., they had insisted- upon following’ Jh-ci right they would have been torn from power by angry electorates who were sure that they know hotter than the financial export’s 1 ! in - financially Sniattct^i Ijtter than the economists in economics. “While doctors disagree upon the measures necessary to prevent plague and cholera; and though they cannot cure those diseases they can prevent them in large part,” said Sir Norman. “So, the economic doctors disagree on many things, but on those measures which might have prevented much of the economic disease from which we have been suffering, they do not disagree at all; and though- it is extremelv difficult to cure depres-

sinn or financial- disorder once confidence has been lost, those things can, in largo measure, be avoided. . . • An educated man certainly ought to lie able to understand why the vast sums involved in debts or reparations can only bo paid in goods or services; but wo hnow as a matter of fact that vast numbers of educated people do not understand it, and unless our democracies are to go smash, education must somehow manage to make that hind of problem something' which the millions can grasp.” Ig [g IS ® WORDS OF WISDOM. if you want to Sec Yourself as you are seen by others, don’t let your mental Portrait be an Enlargement from a Group. 351 S S'® TALE OF THE DAY. Mother: “Don’t forget to ask Gharlic Bnggs to come to your birthday party.” Son: ‘‘AH right, mother. I’ll dare him to.”