"MONETARY REFORM"

New Zealand Herald, Volume LXX, Issue 21520, 17 June 1933, Page 15

"MONETARY REFORM"

Sir,—l will not contradict Mr. Bones when he says ho understands Douglas Social Credit, because if vou cut out the verbosity very little tangible matter remains in any of the Douglas textbooks and periodicals. What T am sure of, however, is that he does not understand the present monetary system This is the tragedy of it all; well-in-tentioned people, intent upon reforming a system to which they are absolute B >■ rangers. If our friend has time and rrouble to spare, I would gV*e the following suggestion. Start on yours..lf then urge jour family, friends, acquaintances, office and church to work, and work hard, the present system bv circulating instead of hoarding money This will show confidence in j-ourseif. faniilj*. friends, etc. The response mav be reciprocal and the result beyond expectation. I use the word "mav" advisedly, because we now , leave the mechanical and have entered psychologv, where nothing is sure. With regard to the "excess of output over wages fallacy, I could dispose of this in , a few lines, but would rather give it 'more detail when 1 have time. Cambist.