GOVERNMENT BORROWING
EFFECTS ON INDUSTRIES. Industry needs a large part of the nation’s savings every year. If the Government takes - 'too much of the savings in the form of public loans, industries, other than armament industries, languish, says Lord Kenner, writing in the “Listener.” There comes a point at which the country can find no more out of its savings to lend to the Government, and, if the Government has still to get more and more money after that, there is only one thing that it can do to get more money, and that is to make it. That is the process called inflation, and a disastrous process it is.
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Wairarapa Times-Age, 21 September 1939, Page 2
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110GOVERNMENT BORROWING Wairarapa Times-Age, 21 September 1939, Page 2
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