SAVING AND SPENDING
In your Wednesday's issue C. RMcDonald says: "Those who save money draw it from circulation, thus reducing purchasing power, and they refrain from using the goods and services it could buy." In mak-' ing that statement he describes the action of a miser, not the action of a thrifty person. If no one saved, who would have money to pay wages? I am afraid many like him would go hungry, and few would be in a position to employ the spendthrift and the thriftless. Who now is helping New Zealand in her war effort—those who buy war bonds with their savings, or these who have saved nothing? The rest of his argument deserves no comment. HARRISON.
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Auckland Star, Volume LXXIII, Issue 119, 22 May 1942, Page 4
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119SAVING AND SPENDING Auckland Star, Volume LXXIII, Issue 119, 22 May 1942, Page 4
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