INFLATION DANGERS.
“WAY IN BUT NO WAY OUT.” BANK CHAIRMAN’S WARNING.. CHRISTCHURCH, September 16. “A banker who would risk the funds entrusted to him would be exceedingly culpable, and a national menace,” stated the president of the Associated Banks (Mr. J. T. Grose), speaking at the annual meeting of the Canterbury Chamber of Commerce. Mr. Grose said that that was the reason why bankers were normally loath to play with the fire of inflation, even though the immediate and easy benefits that might acerne during the early stages of an inflationary policy might be very tempting.
“Criticism and discontent throughout the country might be allayed for a time,” he said, “but the day of reckoning would surely come, and with it recriminations thick and fast. It has been well said that the danger of Inflation is that there is only a way in but no way out.”—(P.A.)
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Bibliographic details
Wairarapa Age, 17 September 1932, Page 5
Word Count
147INFLATION DANGERS. Wairarapa Age, 17 September 1932, Page 5
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