Show I r PRICES 11 I Capital and labor are saying After Arter you ou my dear Gaston Capital says say's It cannot reduce prices until wages come coma down La Labor bor sa says s wages shouldn't come comedown comedown comedown down until living costs are reduced Which comes first the egg or the chicken chick chick- en Ideal arrangement would be for prices and wages to move more up or down If that could be attained the futility of moving eithe would become obvious Labor has the better argument A function of capital Is to take risks In return for profits One form Corm of risk is Inking taking a temporary loss during deflation That's the penalty for taking temporary gains during Inflation Ad Adjusting usting our system of economics requires res nothing more than rommon eammon sense |