| Show Inflation tion Much is being said and much is being printed in the papers asto as asto asto to Inflation deflation deflation- and What have you To date nothing has been said that was wasI I in any sense enlightening to the public as as' as to the benefits of such legislation legislation legislation-if if any any and and the writer writ writ- I er doubts very much if any beneI benefits benefits bene- bene fits will accrue to the general public public public pub pub- lic from such remedies Wh What t is needed in this country regardless I of wages and such disputes is is- is I more jobs I The following paragraph clipped cUpped from the American Guardian explains explains explains ex ex- I plains quite tersely what to exI expect expect ex ex- I from inflation of the curren curren- cy Suppose the money in bank vaults is increased by six ten or or sixty billion dollars What of it How is the jobless workingman and the ridden debt-ridden farmer going to get some of that money The answer of the financial wizard is I By securing increased credit in inthe n nt I I t the ho banks Credit hell hem There is not a bakers baker's dozen among our twelve or fifteen million unemployed unemployed unemployed that could get a dollars dollar's credit if the money was oozing out through the pores of the bank walls There Isn't a farmer Jarmer in a thousand who already borrowed borrowed borrowed bor bor- rowed the last dollar he was able to secure And lest we wc forget The forget The Hoover Hoover Hoover Hoo Hoo- ver administration loaned banks and Industrialists three billions of dollars before Mr Roosevelt was even elected If extended credit did not work for Mr Hoover how can Mr Roo Roosevelt p pit evelt expect to make it work The old gray mare marc aint what she used to be and be-and and it appears it will require some work work not not credit cred cred- r it to it-to to make malte her trot along I cred-I |
