Show The Va Way y of Inflation By RA RAYMOND alOna Chairman Chairman Chairman- Sentinels of oj the Republic It If a merchant or a farmer or the tho average householder persistently spends more mor than he earns corns he goes broke He pays for his folly in the tho wreck of his business his property and perhaps his career With governments It can be dif dif- different I dU-I terent ferent From ITom time to time various nations have hav Indulged In continued reckless expenditures yet escaped immediate collapse How By re- re resort resort re resort sort to the desperate remedy of ot in- in In whether nation Inflation whether of currency or ot of credit The Tho difference Is that the Indi- Indi Individual individual Indi Individual vidual bears tho the brunt of the blow himself Khile governments pass It Iton iton Iton on to their citizens History has haa demonstrated this on many occasions Perhaps the best remembered example of recent years post Is 18 that of Germany where war postwar Inflation brought hardship and hunger to millions of workers Rec- Rec Records Records Rec Records do not show that the clever politicians who brought it all about or the very rich went hungry That was reserved for the average run of citizens who saw prices rise so swiftly that neither earnings nor I saVings could keep pace pac with them For a while the situation grew so serious erious that workmen found it necessary necessary necessary sary to demand pay for their ices services at the eLd erA of ot each day days s labor They knew that if It they waited prices might mount so rapidly that even a week weeks s a pay couldn t buy one on bowl of soup I Germany s experience was not an isolated one It has been duplicated to a leS lesser lesi Cr er degree in many countries and In many periods of history It Itis Itis is 18 because of the evidence such ex- ex experiments experiments ex experiment offer that an increasing number of thoughtful Americans op op- oppose op pose oppose the th course coura of reckless govern govern- government government ment goTem-ment ment expenditure that causes in inflation in- in nation i I iThe The Th concern of such citizens is not for tor the very rich and the tn very who shrewd who know just when to buy and sell sell or how to rig or play the stock market It is rather for the average family that depends on a weekly or monthly wage wag tor for income and a savings account or life insurance insurance Insurance ance policy for tor security Those are the anthe people who shoulder the burden and suffer the th hurts hurt hurt of ot inflation And those are an the Ur people who can stop atop its course coure They face fac a great responsibility Under our Constitution the conduct of national affairs rests rest ultimately I in their hands U If they insist on reasonable economy the men who represent them in government must obey y the Ur mandate It If they remain indifferent they encourage either the burden of ot Increased taxes or the th still till heavier toll toil ot of o Inflation with all Its golden opportunities for tor the he speculator peculator and tie its grim penalties for tho the worker I I Mrs Mr Ethel Wimmer of c American Fork rorie w ore visiting with Mrs A A De- De DeMar DeMar Mar De-Mar Mar Dudley her daughter On Friday and Saturday the Shelleys Mr and Mrs A A DeMar Dudley and Mr and Mrs Andrew Dudley enjoyed an outing at Green Lakes and at the Harold Davis summer home In McKee draw d Mr and Mrs Ferrol Pearce and daughter Ferres Lee will wm spend several days visiting with Mr and andI Mrs Ira Gardner Mrs Pearce s sI parents before going to Phoenix Ari Aril They just returned from a mission to the Southern States for forthe forthe forthe the church |