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FROM THE ARCHIVESep 17, 1943·Wilmington, North Carolina

INFLATION: A CONTAGIOUS DISEASE

Scanned from The Wilmington Morning Star, Sep 17, 1943
INFLATION: A CONTAGIOUS DISEASE
Source image courtesy of the Library of Congress · Chronicling America
Page transcript (OCR)

Babson bays Inflation Is Contagious Disease By ROGER BABSOX NEW YORK CITYInflation is as catching as smallpox and much more serious. If allowed to spread it will cause far more deaths than epidemics of suicides heart failures and nervous break downs. No wonder life insurance companies are fighting it tooth and nail. If the same intelligent approach is made to the problem of avoiding inflation as was made in the case of reducing and elimi nating smallpox we shall be all right.

But if we neglect the pres ent signs of the growing epidemic of inflation. I am afraid we shall soon be beyond hope. Some people are saying Let inflation come. They hope it will help sell some longheld stocks which now show a loss Possibly but what will the money received be worth.

It may be far better to hold stocks than to sell them at double the present price and get money worth only 40 per cent or less of its present value. The same principle applies to buying stocks now with the hope of selling them later at a profit. Even when buying the right stocks as an in flation hedge they should be con sidered.

OCR may contain errors typical of early 20th-century print scans. Punctuation and paragraph breaks have been reconstructed for readability.