INFLATION OF CURRENCY

Taranaki Daily News, 3 December 1930, Page 9

INFLATION OF CURRENCY

PENALTY INEVITABLE. AMERICAN BANKER’S VIEW. Strong disapproval of the inflation of currency was expressed by Mr. Henry C. Flower, of the Fidelity National Bank, Kansas City, Alissouni, who arrived on the Alalolo at Wellington last week. Any country,. he said, that reported tp that apparently easy way out of its difficulties would pay the penalty later, and no legislation that was passed could change it. ' ' ' Mr. Flower eaid that in the inflation that had taken place in America after the war there had followed a heavy slump, but the National Government had never repudiated its currency, because it had'never gone to the lengths of inflation that Germany had. Any man who had had any experience at all was dead against unlimited inflation. The world was feeling the depression in the sama way that depression followed every War, but it would get over it all right, though the period of recovery would be slower than was anticipated by the present generation, which had not been through a previous war.