The Archive · 1940

Despising Gold

The Fox and the Grapes

To the Editor of the "Nonm-Cimka Datty News"

Si—Apparently our economic experts will not trouble themselves. defend the use of the now despised Bold, so 1 may be permitted to do 50. Despisings gold reminds one of the story of the fox and the sour grapes.

One does not have to be a financial authority to know that gold commodity like potatoes, onions or Limburger cheese, only less. perish= sible and more uniform in quality That Is the reason why it is suitable a standard for comparing or measuring the value of the thousands of different articles we use and buy every day.

The value of old of course is rear extent, imaginary; it is. an illusion like almost everything clee life except the sheer necessaries such "as food, shelter. ant in cold climates. clothing, More than ten ano, T wrote that one can have a xold currency without having. gold. Almost every body realizes that now and it ig mot worth while to rebush the ents in favour of "gold for valuation purposes. Nothing better and more easy to apply has been susuested Tar. and that all' currencies are slated to gold direetty ov indivectte, except the shells in Southsea islands, perhaps, would be euvs' to explain, may do it without being Union all tly visteadinge talks about old?

1 Amerien hut insisted upon payment in merehindise of praelieat value instead of gold, it would have been better. but the debtor nations ter Having wasted most of their assets of Me in war, had Hitle™ se offer that America cond Seine To her deblots, Ther gold in payment of debts, she Wen a enumtey: accepts for storage

a obligation te das got illusion shout destroyed lively America would suffer at toss bul will we ever live hing super for this. war ws. pictures, anti of other articles "the old cut The system slmittedly. iv avtiielal nil nek ner feet, but whoever blames HO! for the ills oF the world shows that he mistwiderstands the ceonomie function of gold when used og base what ie called "told eurrensy

Text read from the printed page and cleaned; old type leaves the occasional error.

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