Salt Lake Telegram | 1933-10-14 | Page 5 | Care H Eld Need If Inflation is Tried

CARE GARE HELD NEED IF INFLATION IS TRIED I Cure Might Prove Worse Than Trouble Lipman n Thinks Controlled in inflation latIon might help to tous brin bring us out of our present situation J. J n time but unless it is carefully controlled con- con trolled rolled it would w u probably lead us us Into nto greater difficulties This Is f the he opinIon Ion on of City Treasurer Treas- Treas 11 i Milton E. E Lip Lip- man If U a basis for the use so of ot silver could be e arranged with other ther nations as a means of exchange it t would open vast markets to the United Stat States Lats s he said aid Trade with countries with vast supplies o of silver would be substantially substantially increased he Mr Lipman believes I am unalterably opposed to the Issuance of fiat money he said Such an action cUon would decrease the nations nation's ns n's credit and that credit is the most valuable asset the nation pos pos- esses sesseL