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Show UNJUST RESULTS : OF MONEY PLANS i . i Unsound Currency Gives Sellers Unfair Advantage Over the Producers. j ; EXPERT EXPLAINS MONEY Points Out Dangers in So-Called Energy Dollars Other I Plans Exposed. How demagogues are using false doctrines of Ho-cnlled "Bound money" to give themselves or the cIiibb they ; represent unfair .dvantnges at tho , expense of real producers Is exposed In tho Journal of the American Hunkers Hunk-ers Association by II. Parker Willis, expert on the money question. "There is no subject In whose name more crimes against truth have been committed than that of 'sound currency,'" cur-rency,'" Mr Willis says. "Tho term Is always resorted to by demagogues. At the present moment there seems to be a danger that it will be used j by a potential presidential candidate) as repie.senUng the 'platform' upon which ho expects to run. There is i no question that more nearly and di-j roctly touches the Immediate welfare! of every class in the community." 1 Purpose of Money j Primary functions of money and currency, It Is explained, are to serve as a means of exchanging goods and as a mean.) of measuring the value of goods. Mr. Willi.! continues: i "Demagogues and those who are disposed to mislead the public for rarious ulterior reasons have succeeded suc-ceeded In dlsseminiatlng an entirely different view of the purpose of money. Some of them contend that the soundest or host currency Is that which is so arranged as to bring about a 'fair" redistribution of wealth.! They want a constantly depreciating currency one which keeps playing Into the hands of the seller of goods, by enabling him to count confidently ! upon higher prices In terms of money so that he pays the producer from' whom he ha.) obtained them less and less. IT IS A STRANGE THING THAT THIS KIND OF CURRENCY; IS OFTEN HIGHLY PRAISED Or! FAVORED BY THE PRODUCED HIMSELF. NOTWITHSTANDING THAT HE IS THE GREATEST SUF FERER FROM IT." j Energy Currency j There Is anolher popular view ol sound currency which alms to ban It upon "natural products" or "nat- ural forces" usually it Is true, sped J tying products or forces which have been monopolized or can be con ; trolled by the advocate of such cur : rency. Thus from time to time there! have been Bchemes fo Issue a cur; rency based upon or protected by farm products stored In warehouses or occasionally representing "units ol energy" or hor3e power. j The rulers of Soviet Russia at one time attempted to introduce a currency cur-rency representing "labor time," each; man receiving a check representing the number of hours of time he had put !n at work, while goods tbem-i selves were to be valued in terms ot hours of production time. Thus ont man who put in an hour's time lr street cleaning received tbe same control over goods as he whe put in an hour's time at surgery. The theory vas that this kind of "sound" j currency enabled the "poor man" ts gt a larger supply of goods. j "The trouble was that when those who could perform a certain kind of. labor were not paid In proportion to their effort they stopped making tjoodj. So it was not very long In j Russia before the sound currency which was issued in favor of the i poor man had brought It about that: the poor man could not buy anythinc with the currency. This was-an nn-j I fortunate kind of 'soundness.' We I do not want something like it In the ', I United States today, yet very simi-1 simi-1 1 lar proposals are now being made in a good many quarters that ought to ; know better." savs Mr. Willis. i i |