AS THEY ARE.

Waikato Times, Volume 120, Issue 19942, 20 July 1936, Page 9

AS THEY ARE.

(To the Editor.) Sir,-—“Logicus“ complains that I do not. follow the great philosopher whose name I use, Let us see whether he is correct. ‘ Are we short of goods necessary for our living?—~No. Are we short of people requiring these goods?—-No. What stops the exchange of goods? —Lacl{ of money. What is money?—A token of exchange. \Vliut causes friction between shop—keepers‘Z—Lack of purchasing poyer. . \\'hy'?——Because the shopkeeper ‘wliose trade is falling oti‘ must pay his way. ‘ \\‘liat stops the “paying his way“?— llis overheads. He has no money. \\'hat is the tangle throughout the \\'orld?~llark of markets. \\'lly‘Z—Bccuuso the llnanciers must be paid llrst. At base it is the economic machine that ceases to fultll its obligations. It is finance which clogs the machine. It. therefore, it is this lack of money—a costless creation—that causes the trouble, then it is this lack that causes all our ills, or most or them. My point is that war, poverty, etc.. are preventable to—rluy. The first call upon the people‘s purse is interest land (lclJt churgos; therefore, the Insurers must he held responsible. ll’l‘lic \\'hole crux 01‘ the matter is found gin the \\'Ol‘tt ”pt‘oventubleF—l an], ctc., SOURATES. 1 ' Hamilton, July 17. |