CONFIDENCE NOT CURRENCY

M ore Confidence Not More Currency Countrys Need Rahsou Lxplains Inflation and Says Currency and Bud gutary Inllation. Will Be Disastrous Credit lion Can Bring Unbounded Prosperity Here BY ROGER w BAUSON Copyright by Publishers Fin ancial Bureau Inc Rabson Park Fla Jan 12 How l you tool about inflation. Mr Bab sonv It 1 was asked this question once 1 was asked it twenty times on my recent trip South Bankers and publishers farmers and manufactur ers retailers and professional men asked the same question. While vol umes have been written on the sub ject.

I would like to discuss what in fiation is how it comes about and jt advantages and disadvantages. Some Type of Inflation Inevitable First what is inflation Stated simply inflation is an increase in the quantity of money Money includes credit as well as currency Quan tity includes velocity of circulation s well as amount in circulation Hence inflation means it speeding up of the velocity of money and or cre dit. What good does this do Theo retically it is suposed to make money cheaper and easier to get. This in turn increases public buying power etail sales industrial production jrbs and wages.