FALLACIOUS ECONOMY
Sir, —Mr Nash has recently made statements in the House during the Address and Reply that he cannot solve the problem of our dollar exchange nor the problem of inflation in this country, except by reducing our imports, and increasing our secondary industries. Now, in the first place, it means penalising the British people, depriving the people of this country of the essentials of life, for the nonesentials. In other words, export or die. Why should this be? Only to bolster up the idea that you cannot live without the international banker, which is a major fallacy. When we awake' to the fact that internal currency should be the governing factor for exchange on our home production and not currency produced by private bankers under the international combine, then, and not till then, will we have .the stabilising factor on prices for goods and services without inflation. So, while we accept this debt system, it breeds discontent, which is the open door to Communism. And worse to follow, a Government of the vilest kind. A dictatorship without the right of appeal. Yours etc., W. BRADSHAW.
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Bay of Plenty Beacon, Volume 12, Issue 75, 30 July 1948, Page 4
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187FALLACIOUS ECONOMY Bay of Plenty Beacon, Volume 12, Issue 75, 30 July 1948, Page 4
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