THOUGHTS FOR THE TIMES.
MOPE GOLD WANTED
In a paper to the twenty-first anniversary meeting of the South African Institute of electrical engineers, Drvan tier Byl stated that lie could not agree with some economists who inclined to the view that world depression was due partly to over-production as a result of what they called “over mechanisation” industry. He add-, eel:—“Mechanisation, it is true, does increase production, but, taking commodities ns a whole, there is no such thing as over-production, for the simple reason there is no limit to the wants of the human being. As long as he has money, lie will buy, and the more money he gets, the more his wants increase. The world’s difficulty to-day is that it has not enough money to buy what can be produced; in other words it suffers from n shortage of active gold,”
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Hokitika Guardian, 10 March 1931, Page 4
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143THOUGHTS FOR THE TIMES. Hokitika Guardian, 10 March 1931, Page 4
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