COMMODITIES
“For the first time in history we have learned that things can be too cheap, with the result that business to-day is suffering from industrial anaemia. We have got to make money fit commodities, and not make commodities fit money. The whole theory of currency and economics is in the melting pot. We have got to learn the economics of plenty, and not the economics of scarcity. What is required to-day is that two or three of the Greater Powers should make up their minds that they are going to try something new in this field. The best brains must ‘go into a huddle,’ and with the best advice of their statesmen make big changes in the present system. If we follow some new method in currency and international exchange as the result of such a conference, the rest of the world will have to follow. It will take us four or five years at least to work out any new method.” —-Lord Melchett.
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https://paperspast.natlib.govt.nz/newspapers/WAIPO19321103.2.48
Bibliographic details
Waipa Post, Volume 45, Issue 3250, 3 November 1932, Page 7
Word Count
165COMMODITIES Waipa Post, Volume 45, Issue 3250, 3 November 1932, Page 7
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