MONEY CRANKS
Sir, —Your correspondent Mr. J. Johnstone is inaccurate when he states that all production is being consumed as rapidly as it is being produced. He has his eyes upon the old external market, and even there his eyes mislead him. The ideas behind such words as "quotas" and "tariffs" are by no means suggestive of the truth of Mr. Johnstone's statement. But when we turn to our internal market we find his statement very wide of the mark. Let him walk down Queen Street and make inquiries from shopkeepers. He will then find that he has mis-stated the truth. If we had divided the unemployed into six groups and paid them "full wages from the fund of public credit, we could have kept all our farms in good heart, established new limeworks throughout the country, extended our manufactures in all directions, pursued our public works to necessary objectives, afforested our idle land and developed our iron and coal mines. These are just a few things which the unemployed could have accomplished ■with profound satisfaction for the whole community during four or five long dreary years of enforced idleness. We should like Mr. Johustone to explain his objections to such a policy P. B Fitzheebf.bt.
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New Zealand Herald, Volume LXXII, Issue 22131, 10 June 1935, Page 12
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206MONEY CRANKS New Zealand Herald, Volume LXXII, Issue 22131, 10 June 1935, Page 12
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