THE FLAW IN FINANCE.
i (To the Editor.) Sin—Mr Calshore and other con—tributors are ever pointing out the difference between Major Douglas and Mr (.L ii. ii. Uole. In a book by Mr Cole, published in 1933, he makes the following remark—able siaiemenl: “In endeaVouring to correct. with ihe aid of a more en—lightened management of financial and industrial affairs, the recurrent tend—ency of capitalism io let purchasing power fall behind the expansion of productive forces."
The lmporlaucc of this statement 1195 In the fact that Ihls factor is the nssenr‘e of the principles laid down by Major Douglas. 1!. is Hm founda—tion of the A plus B lhcm‘cm. Mr Hole has just discovered 11: Major l‘musla: staled it in 1919. (mm again limo proves the Douglas statement correct—l am, etc,
\\'A’l‘SO.\' HOLMES Hamilton, May 9.
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Waikato Times, Volume 119, Issue 19883, 12 May 1936, Page 9
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136THE FLAW IN FINANCE. Waikato Times, Volume 119, Issue 19883, 12 May 1936, Page 9
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