Thoughts For The Times
1,0111) ImVKHIIUI.MK ON “GOLDKN EGGS.” Lord Leverlmlme appeared before the National Free Church Assembly and gave a practical address on Capital. His explanation of the present state of* unemployment was that it was the result of lack of confidence, of the destruction of credit. “There is some idea that a speedy way out of C’e difficulties of war indebtedness would be by the confiscation of wealth. That would be killing the goose that lays the golden eggs. But I would also like to point out to the Chancellor of the Exchequer that if the golden eggs that the goose lays are entirely taken away the goose’s ability to hatch out further undertakings is stopped. Between killing the goose and taking away the whole of the eggs there is very little to choose. The taxes are not spent as new capital is applied—in increasing productive industry.” The 'feggs ave been # paid out in unemployment relief. j
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Hokitika Guardian, 21 May 1921, Page 2
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159Thoughts For The Times Hokitika Guardian, 21 May 1921, Page 2
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