Show VOICE OF BUSINESS Lets Let's Not Perpetuate Inflation By BV Arch N N. N Booth Executive Vice President of the Chamber of Commerce of the U S. S Almost ery every time you buy something these da days das s food for the famil family clothing or what hat not you jou are arc conscious con con- scions of inflation Prices arc are higher Your our money doesn't t go as so far fir as it used to YOUR DOLLAR has lost about 15 per percent percent percent cent of its us purchasing power in the past three thice years U U. S Department of Commerce statistics show 1 use Die he trend is continuing The value aluc of your dollar is shrinking drinking rapidly e We all know whit hat the main cause of this inflation is It is excessive e government gov gov- spending THE GOVERNMENT has been spending spending spend spend- ing far beyond its income Continued deficit spending puts more money into circulation in relation illation to the Ule amount of goods and services sen ices available available avail avail- able and makes prices pilots go up tip In the long lung run no one ont escapes the inroads of inflation It certainly affects you ou If you licon live li on a pension or a fixed income Yes cs but it also affects you jou if you ou earn wages carry insurance have lia a savings account or own property stocks or bonds BY UNDERMINING the value aluc of the dollar inflation affects the whole hole econ econ- omy It affects the future of the country lucre are arc two ways Congress could hold inflation in check if it ft would It could Increase taxes It could slow slowdown slowdown slowdown down the rate of federal spending It could do both THE BUSINESSMEN of America feel the sensible place for Congress to start Is by reducing spending For tor some seine reason however whether the reason is political or otherwise Congress is In a spending mood IN FACT it looks as though Congress Con Con- gress Is deliberately trying to |