DEFENCE OUT OF REVENUE
"Unless measures to sustain effective demand are being applied in all of the principal countries, and at the same time co-ordinated internationally, nations cannot and will not trade freely with one another. On the contrary, in their attempts to meet the diffloulties arising from inadequate demand, they will endeavour to export to the utmost, and shut out all goods that can possibly be produced at home — a course detrimental alike to world peace and to higher living gtandards. Finally, while it is true that the movement toward a co-ordinated monetary policy and toward freer trade may go some distance without speciflc organisations being set up, the permanent running of such a system cannot be satisfactorily assured on a makeshift basis. In all the major countries, at least, there must be the necessary machinery without which economic planning remains no more than an aspiration.'^ — Mr P. W. Martin, in the International . Labour Beview.
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https://paperspast.natlib.govt.nz/newspapers/HBHETR19370616.2.15.2
Bibliographic details
Hawke's Bay Herald-Tribune, Issue 128, 16 June 1937, Page 4
Word Count
156DEFENCE OUT OF REVENUE Hawke's Bay Herald-Tribune, Issue 128, 16 June 1937, Page 4
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