THE LEAGUE’S DILEMMA.
(To the Editor.) Sir,—l shall be interested to learn how the New Zeuiand \\'elfure League proposes to get out of the dimculty in which it finds itself. it believes that industry is sclt-iiquiduttng—i.e.. that the money distributed in wages, salaries. dividends, and profits. is always suflicient to buy the available production. it has admitted that the London t‘nnris represent goods owing to this Domiinon in exchange for ex—ports against which the necessary money has been issued here. It has admitted that we have had a depression and falling prices, when by all the canons of “sound finance" an issue of paper money without equivalent goods means a rise in prices and in—flation. That the, League should bauik at explaining this strange phenome—non would he a pity. Having danied the truth of Douglas's discovery that industry is not sclf—liqnidaiing. the League is shorn of half its argument, hut it ronid at. least give us that other hall‘. Half a League, on\\'ardl-—I am, (‘tt'., MAC. iiamiiion, July 16. __....
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Bibliographic details
Waikato Times, Volume 120, Issue 19942, 20 July 1936, Page 9
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169THE LEAGUE’S DILEMMA. Waikato Times, Volume 120, Issue 19942, 20 July 1936, Page 9
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