COST OF LIVING
INFLATED CURRENCY MAIN FACTOR IN HIGH PRICES
INCREASED PRODUCTION NEEDED (By Tclegraph-Preeo Aeßociatlon-OoyyrlrM (Rcc. September 9, 7.25 p.m.) London, September 8. An interim report of the committee appointed by' the chief Labour organisations to inquire into the cost of living deals with tho elfecfis of the inflated currency, which the committee Tegarda as the main factor in the hifch prices, not a shortage of commodities, as the world's production of goods lias not fallen more than 20 per ceni; Tho report states that a gradual deflation of tho currency till the depreciation in tho terms of gold ia eliminated will reduce the general level of prices about 20 per cent., but drastio deflation would cause widespread ■unemployment,' and probably a fall in wages. Development of the world's productive capacity_ would result ultimately in a substantial fall in • prices.—Aus.-N.Z. Cahlo Assn.
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Dominion, Volume 13, Issue 298, 10 September 1920, Page 7
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143COST OF LIVING Dominion, Volume 13, Issue 298, 10 September 1920, Page 7
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