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Show BEIiNETT URGES BUSINESS i EXPERTS GO INTO GOVERNMENT CLEVELAND, (special) Government Gov-ernment and business were told to get together on their definitions Tuesday by Sen. Wlallace F. Bennett Ben-nett (R., Utah). Speaking in Cleveland before the 20th annual convention of the Edison Electric Institute, he pleaded for more businessmen in government, "because our government govern-ment is the biggest business in the world." The Senator said, "Principles of economics I learned in the business busi-ness world are not accepted in political circles. In Washington one meets a completely different set of definitions, concepts, objectives ob-jectives and standards of value." He enlarged upon the need for better definitions in three main fields of inflation, the cost of gov. parisons, it robs money of its usefulness, use-fulness, decreases the value of sav. ings, diminishes the reward of risk and eventually produces "bankruptcy by erosion." "The government, on the other hand, says that inflation is desirable de-sirable if you change its name to prosperity," Sen. Bennett charged. The administration has fostered inflation, he said, because it creates more money, misleading citizens into thinking they are "well off," it produces annual wage raises which are politically desirable, de-sirable, it favors the debtor over the creditor and there are more debtors to vote. Finally, it creates high prices, the inconvience of which is outwheighed by their political po-litical value because they, in turn, nrovide an annealing excuse for ernment and taxation, citing the contradictory outlooks of business busi-ness and government upon each of them. "The policitian says that business busi-ness causes inflation," the Senator Sena-tor said, "and the businessman just as vociferously blames it on the government." In the more important question of the desirability of inflation, the legislator said that businessmen do not like inflation because it distrots values and destroys corn- more government controls and because be-cause they can be used as "proof" that business is evil and selfish. As to the size and cost of government, gov-ernment, the Utahn said that government people look at the problem in relation to their own jobs. "They have an out," he admitted. admit-ted. "When we face the threat of communism, we can't be penurious, pen-urious, they tell us. The scripture twisters among them believe and teach that it is better to consume than to produce." The Senator said that under such a belief government can never be extravagant. Too many government govern-ment people tell us that government govern-ment income is unlimited, that when taxation becomes unpopular, we can always sell bonds and bor- row from ourselves. "Taxes are bad politics, if you collect them from your friends," Sen. Bennett said, "but they are good politics, if you can make your friends believe that the other man is the one who pays them." He said that both businessmen and government believe in private property, but that government sets up limitations no man or group of men must have too much, nor must they receive too much profit. "But the politician has the say in both instances as to how much is too much," the lawmaker pointed point-ed out. He called upon the utilities men to help fight inflation and the concept of increasing government activity in business. "Would your own industry be willing to pay the price to take the leadership against inflation and government extravagance?" he asked. "Can you find the truth, accept it and then sell it to America? Amer-ica? Only then can this conflict be erased and this business of government be successful." The Cleveland convention was presided over by George M. Gads-by, Gads-by, Salt Lake City, president of the Utah Power & Light company. |