Page 3 Advertisements Column 2

Hokitika Guardian, 2 September 1929, Page 3

THE SCIENCE OF MONEY. “The number,of thinking men who appreciate, ad hoc, the facts olf monetary fluctuation is now not small, but the proportion who carry that appreciation into the other fields of thought as a persistent element in them all, is singularly few. It needs the same kind of effort Of m'ind as the realisation of terrestrial or astronomical motion Even when realised, it is deemed a. little pedantic to insist upon it. Whether our monetary standard is to be of pure apd visible gold, or an unseen one managed by a golden handle, or whether gold is to have no .more effect upon the price level than the mercury in the thermometer has upon , the temperature, the next decade will more clearly show. Meanwhile, to unveil the real cause of economic evis, and to create a public interest in a problem to be solved are urgent tasks towards which Professor Fisher has done his share.”—From Sir Josiah Stamp’s foreword to “the Money Illusion,” by Irving Fisher, Professor off Economics at Yale University.

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