Thoughts For The Times
Tiie .Money Question. Nine-tenths of the erroneous thinking about money is due to confusing money as a medium of exchange with capital. Money is a convenience in effecting the exchanges but it does not take the place of capital. The money question always has been a subject of controj versy, and it is not easily elucidated in all its details, but there are cortain broad propositions which most people are able to grasp, and which when agreed to will dispose of many of the most plausible fallacies. It is a safe rule in the business world not to try to get something for nothing, and in the world of applied science not to try to get more out of any combination than the sum of- all that is put iirfo it. By the same reasoning it is safe to conclude that a people cannot make themselves rich by printing money or by any other scheme for making credit take the place of capital. There* is a hole in every such proposition somewhere.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HOG19210820.2.16
Bibliographic details
Ngā taipitopito pukapuka
Hokitika Guardian, 20 August 1921, Page 2
Word count
Tapeke kupu
176Thoughts For The Times Hokitika Guardian, 20 August 1921, Page 2
Using this item
Te whakamahi i tēnei tūemi
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in