Show I Crazy Money People who are arc interested in the time effects of inflation an ever present pres pres- present ent danger nowadays would do dowell well to read an article in the current cur cur cur- current rent magazine Commentator by Lowell ell Thomas Thonas of radio fame Reciting the time story of inflation as lie he saw it in Germany he re re- re recounts recounts counts how a million German marks at the end cud of the world war were worth how later they were worth only and how they then continued to fall falland alland all and fall One day da I passed by b a factory at about ten in the morning and saw a crowd of poorly dressed women waiting outside the gate he lie continues I learned that these women's husbands were about to tobe tobe be paid their weeks week's wages at ten ten- thirty and they were waiting to get the money mone At the time hour the time women surged into the gate Then one came rushing forth a sheaf of money clutched in her hand and ran maul ran desperately down down the street nAother came caine forth clutch clutch- clutching ing her money mone and ran another another a whole crowd of women running madly Why Vh Because prices at the stores changed at noon and these women were rush rushing rushing ing to spend the weeks week's wages while it still would buy bu something After twelve o'clock it might buy only half or a fifth or a tenth of what it would buy before twelve Both Senate President Maw and caused by b the for printing press money money money-a a demand now made trade in several bills pending be be- be before before fore Congress And then he adds Balancing the budget looks like one of the labors of Hercules So theres there's a siren lure sweeter than ever in its beguiling simplicity simplicity- print money to pay pa When and if the time government starts that system of paying its debts Germanys Germany's experiences could easily easil be duplicated in Am- Am America America erica |