Show the jamew era times readers are to be favored with another series of articles on current economic questions by albert marsden under the above hending heading the first or of which follows MORE ABOUT INFLATION it has just been reported that the utah farm bureau has telegraph ed governor blood and representative will robinson in washington ton D C asking them to support r pictogram pio pit eram ot ol controlled inflation I 1 allude to this only to call attention to the common notion a broad that thero there are two kinds ot of in inflation conti oiled and kd the farm bureau evidently Is 13 only sponsoring the controlled sort this glib talk ot of controlled I 1 inflation Is about as sensible as talking ot of at a wild west iobco whether or not inflation is 6 of 0 ithe the kind depend upon tile tho will ot of the federal government or congress or upon the fact act that it may come under the special label ot of controlled inflation I 1 believe that much tear fear of 0 inflation could be dispelled it if its opponent were convinced that it could be controlled to a great mary many it presents the same problem that might bo be encountered in ili satisfying ones olios mind that a given rider could keep astredo a broncho I 1 that had theretofore dismounted all who had attempted to stay on oil its bark back the public by its be behavior havier will determine whether or not inflation will be controlled or whether 1 it will go beyond the control of 0 the government officials who aro are charged with the responsibility of at our monetary affairs any person who can say how the public will I react to inflation with mathematical precision would be an exceptional asset to the presidents brain trust but any such attempt to j do liso EO would be mere conjecture history warns us against the expediency ped lency ency ot of inflation in nearly every instance the monetary iffla dons eions of extravagant monarchs 0 ancient times led not only to tc i disaster for the people but likewise tor for the monarchs the inflation of 0 the continents continental I 1 currency during the revolution corn coin plemely obliterated a federal medium cumor of exchange dewey records that soldiers rie returning turning from the war were paid in worthless Contin continental currency in ili derision riston de of the fraud that had bad been played upon them they made uniforms from the paper bills and paraded through the streets ot of philadelphia in their novel regalia mr harold Faulk faulkner nerin in liis hs economic history of the united states writes that the greenback inflation ot of the civil war reduced the purchasing power of the people by the amount tile the curr currency was inflated in other words the northern states instead ot of increasing the ined medium item bof f exchange by 5 00 actually reduced it that amount atter after the greenback issue federal money so depreciate I 1 td that the people were poorer than prior to the issue I 1 have just finished reading a novel by mr air hans hana entitled reace peace doke ouk the story deals with the postwar post dost war inflation in ili germany the babic wrought by inflation is absorbingly told I 1 commend the book to everyone interested in this thia perplexing question especially to the zealous advocates of paper money and to those who cannot discern the difference in the immediate effect upon the governments credit in issuing an interest bearing bond and a demand note the horrifying story of 0 the inflation in ill germany and russia has been written upon an indelible past from which wise men gain deliverance by a resort to reason in the avoidance ot of such dreadful mistakes personally I 1 believe in neither inflation nor deflation both auise the people with the violence ot of a plague they result from two stupid practices which we are yet con 1 failure to make the dollar a constant purchasing unit 2 to coordinate ordinate 1 control and synchronize our banking hya ys tem with the power to I 1 esuo esuo currency and coin money it la Is to be lili aped cd that professors warren and acers Rc Ers who are wor in on oil tho the monetary matters or president cc may I 1 lik l ik along the 1 lin una u a E dolter dollar it Is extremely difficult vi or me to see how such a dollar can be devised so long as nations attempt to trade their goods and service 3 for or gold rather than ex exchange changa them for or other goods and services an n international ter national money with a central centra board of control might solve the problem that Is like suggesting that the will be a certain cure for or all human ills so far as our problems are concerned time Is of the essence As to the second cause I 1 cannot shall avoid inflation see sec how wo we and deflation alternately as long aa 04 banks in making loans Is are forced to stand upon own individual and re resources sours it if bank resources liabilities could be over a great area and thus become diver sifted much like a life insurance spreads its liabilities and resources and diversi diversities flet them I 1 think our banks would not be as timid in lending a helping hand to extricate tho the country from this depression as they now seem to be the velocity ot of circulating media is tho the important thing and not tho the amount of 0 demand currency issued hy by the federal government I 1 the banks aro are practically our sole sale control for governing the speed with which and the place where money circulates how the c circulation ot of money can bo be directed to tile the accomplishment ot of human purposes without some sort ot of consolidated aisted effort on their part is beyond me except we conti continue nite to rely upon human emotion and the instinct to govern its flow which tor for rational men to do Is to say the least |