The World's Money Problem, Vol. 1 (Classic Reprint) - Softcover

Inhaltsangabe

Excerpt from The World's Money Problem, Vol. 1

Popular government calls for clear think ing and sound reasoning on the part of the people. In a period like the present, when the action of the people will be so fraught with big consequences to the welfare and honor of the country, there is especial need for the exercise of these faculties. It is im portant to recognize the true causes of the depression from which we have been suffer ing, and to realize fully that they are not of local origin and are not capable of local remedy. The inadequate explanations of our present condition generally offered, par ticularly the plea of overproduction, leave the farmer entirely without hope. He knows very well that South America, Australia, South Africa and India, to whose compe tition he is repeatedly told the present low prices of his product are solely due, have no intention of abandoning agriculture, and that, if this is the true explanation of his unhappy condition, nothing but public repudiation will save him from private ruin. The depression from which the world has been suffering has an international cause, which can be clearly defined. What is im portant is that this cause is rapidly disap pearing and better times are close at hand.

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