MONETARY THEORIES.
TO THE EDITOR. Sir, —On reading your report on ‘ Financing War ’ one was deeply impressed by the depth of the rut in which our orthodox economists move. The learned doctor seems to imagine tiiat posterity must by some irrefutable law suffer from the financial, stupidity and ignorance of former generations. Has he never heard of debt-free credits and the methods of retiring them as propounded by Douglas, methods which make inflation impossible? Assuming that we can’t eat next year’s corn or use iron which has yet to be mined, 1 would ask the professor to explain how, when a people actually produce their own food, clothing, shelter, and munitions of war for their own use, it becomes necessary that they borrow money from private institutions in order that they may use their own products. —1 am, etc., Ken. W. Bennet. September 11.
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Evening Star, Issue 23369, 12 September 1939, Page 5
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144MONETARY THEORIES. Evening Star, Issue 23369, 12 September 1939, Page 5
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