Thoughts For The Times.
The Vicious Circle Again. Hoover’s advice to Europe some months ago was, “Put in every gram of seed you can, if you cannot grow food yourselves, work as hard as you can to make something or other which can lie sold to pay tlioso who can produce. You cannot get food without money, or its worth, and if you will not grow the food you want, or manufacture something which can be exchanged for bread and cheese you must die.” We have freely paraphrased his words, but have given practically what he said, and there is no formula which can lie adopted to lessen the high cost of living. The fall must come gradually, and in the meantime the position becomes more acute by the plan of raising wages to chase food prices. That may lie a palliative for tile time, but will bring no real relief.
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Hokitika Guardian, 26 October 1920, Page 2
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151Thoughts For The Times. Hokitika Guardian, 26 October 1920, Page 2
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