THOUGHTS FOR THE TIMES
Why CeitiiKNciuH Ahk Infj.atki)
In the case of currency created for war purposes, the gbods which it represents are destroyed hut the currency remains in circulation; this is inflation, and becomes a disturbing element in the financial situation. The volume ot currency outstanding thus becomes in excess of the normal amount directly related to the volume of commoditieii. a-nd if there is no redemption or outflow of flic standard money to other countries, the currency will depreciate iii value to make roohl for this excessive supply..
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https://paperspast.natlib.govt.nz/newspapers/HOG19220616.2.14
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Hokitika Guardian, 16 June 1922, Page 2
Word count
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90THOUGHTS FOR THE TIMES Hokitika Guardian, 16 June 1922, Page 2
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