Winnipeg Free Press

Winnipeg Free Press (Newspaper) - November 25, 1958, Winnipeg, Manitoba Page 8 inflation and you Winnipeg free press tie slav not Ember 25, 1958 by Robert Moon eighth of 30 articles if present policies and practices Are continued Canada s fed eral with its operating deficit now approaching will have another enormous deficit next year it appears very Likely unless there is a change of policies there also will be Federal deficits for several years after that. The deficits of these years could create sufficient havoc on the Pur chasing Power of tiie Dollar to make a deficit to surplus turnabout some years hence of Little account. The inflationary dancers in this Eleaih of be a pc nod of scans unless we alias finally and courageously reverse our governmental policies. Despite the Post War government Al surpluses up to Lah Eai. We had inflation. In the decade since 1945, while the volume of goods and. Services produced by the people increased by about three per cent our governments increased the Money Supply by about five and a half per cent. And now deficit financing and re sort to artificially created Money anly serve to add to the serious Ness of the inflation threat which has confronted us during and since situation arc not yet known to the second world War Canad to whale Shiv lie ind Felt in c in ear at the same time oui govern Merit has not succeeded in Botrous ing sufficient existing savings Selling the Sapis new Srcan prom rail sends Hie Boi i owing thei of i e a Irnine been done by Tell my the Bonds to the Chai tried Banks and in part o the Bank of Canada these Banks pay the eminent Foi its Bonds by creating d new printing press Deposit hence the increase in the Supply Money about 14 be i cent m 13 months Price the to the value of the Dollar history s Hartfeil this year s deficit the largest peacetime deter it m Canada s his torn might Well Caw canadians great concern. What complicates the Stu Avion is Uip opposition collective measures would arouse. Onsi people provided with More Money m circulation always find it difficult to get along without it they might not miss it if they Nevei had it once they have it at whatever levelled Pui chasm Power they find it very difficult to get along without it that s human nature the govern rent has been commit de to a higher of spending penal interests who feel they Benefit by this higher Lescel of spending will nol be satisfied with but it will not be government Winch will by hoist Orin petard. H will a we c indians who Wilt have in pay higher price1? for goods spending More for less Moi cover while the Economy is now turning upward from what has been described As a very mild recession our govern rent ups will not return to then Normal Levels Foi some Lime our govern Neil remains committed to its ugh spending program i hat seems now cd fam it tint their be sizable deficit ecu Yeai unless oui Quick modifies its lax Money and spending policies another coming Happy Parry in color of us cautious and non political a Cluck tonal body of Man posted in the Pablic v no far the can dial tax foundation v Ryie gently made i his forecast he said i hat m making a of the Kovein nent s taxation and spend in policies could readily flip so Anol Hei substantial deficit Foi i he budget i Perry went even full her arring these bends Foi v Aid and even is using an in null in crease m the Rou Tiv economic production As forecast inc Gur Don commission he could tired hungry youth turns himself in. Mixer s. Executive Saskatoon up a. Gies Brecht of Winnipeg was elected not see a surplus until 1967 such a pattern would dictate More and More Bor was rowing ahead honouring of the Hamilton up Prairie District no. Type which has produced a 14 Pei Carter is of Bri firm Vii operative Mil cent Mccase in the Mon supp v Branton "an-.jlei-.s, at the fall meeting saturday. In Little 01 n a Umed himself in today Afler other officers named were vice at hat in in Piej in l Roke into a downtown , f. L. Saska the Money Mif Tii Illg unemployed youth said score Tarof p. Do Rinthy win adn t eaten a Square meal Conrad Wissmar a week. He pleaded guilty to breaking and entering. Detective Claude Mote than double the suppl of goods and ser vices the Only jct indicia of of a nation s annual pro in Che wealth would increase by Only Al out 31 per cent at tint late the inflationary fire would be come an inferno. Freedom however pot mils the expression of Public opinion i a there a time in the economic Iii torn of Canada v Hen Public Fontein and Aillinn Neer o Uppit a Conte of oui poll should in Mic Vicc full pressed. The maintenance of the purchasing Power of our Dollar Rind the of oui in 3ank deposits inti Ianurr pension schemes ind Solhei v is dependent upon this change in policies. Jarrett testified the youth teachers Marks Saskatoon up Sakatch Gwan leads 11 dec lion lion is into the iav1dfi at least senior in custody toleration. The figure is 91 2 per asked for a Proba a cent. With British Columbia next at per cent. Union honors of ref living member b4 Thorney Simmons 34, oldest living member of the plumbers and Steamfitters local 254, was honoured by the Union at a dinner meeting m the Marlborough hotel the occasion was his 60th Anni As a member of the local Union he ;