WHAT INFLATION MEANS
What was the effect of inflation on .Germany and fiance? What is the condition of those countries now? Who were, the greatest sufferers? These questions were asked. ; of■ the Sydney .'(Bulletin,"- and answered as follows:— "InflationJias the same general effect everywhere; it robs the creditor at the expense of the debtor. A country would not necessarily be either richer or poorer because of inflation; it may rob Smith and put'the proceeds in Brown's pocket. It will,, however, enable a country to escape debts—as long as they are internal debts.held by outsiders. (Debts payable abroad in gold, like the foreign debts of Australia, are not affected.)' The worker suffers greatly, as- a rule, because the rise in wageg always tends to Jag behind the rise in prices. Investors and those in receipt of fixed incomes (pensioners, etc.) arc usually ruined."
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Bibliographic details
Evening Post, Volume CXII, Issue 83, 5 October 1931, Page 10
Word Count
142WHAT INFLATION MEANS Evening Post, Volume CXII, Issue 83, 5 October 1931, Page 10
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