Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1933-01-05

from one-sided deflation. Salaries,
wages and commodity prices have
been debated, but many groups OF
values remain at inflated levels.
THE price and rate structure are
today still out of balance. The inter-
nal structure urgently requires della
ton, situation that can be met
either through initiation, revaloriza-
ton or by government DEGREES, the
third course seeming the soundest.
IN the field of international poll
tics, closely interviewer with econO-
mics, the entire debt and trade stu
alton requires reestimation and clari-
ficatiOn.
IF l believed the American inge-
nuity, honesty and individual courage
were not able to cope with these last
remaining stages of deflatiOn l should
feel, with the gloomy philosophers of
TechnOcracy, that a breakdown was
inevitable. But every indie alton points
to the solution of these problems, and
of the country is intent upon their so
luton.
1T is entirely reasonable that at
such a time, doubling and fear-struck
people would react to prophecies of
doom due to mechanization. Such
1880. Inevitable dark days have
passed, to be succeeded by days in
which mans conquest and utilization
of the machine led to buster, bright
er, happier world, with more employ
ment for all, more possessions, more
basic values.
''The price system, which tech
nocracy' holds untenable, lis the bed
rock of the American economic
scheme. 1t is the key which has un-
| locked the wealth inherent in ma
chimes, has made us masters of ma
chimes for more than one hundred
years, has made machines give US in
creasing values and utilities.
"The breakdown of 1929 was not a
mechanical breakdown. 1t was caused
by lack of understanding and re-
spect for economic laws
And the New York Journal of Com
merce offers this advice:
Better credit control and en-
couragement of more even popular
spending habits through tax policies
and voluntary avoidance on the part
of business management of excessive
resort to installment selling, unbal-
anced plant expansion, ETC., would
help. Adoption of more logical for
eign policies involving either consist
ent isolation or consistent freedom OF
trade and financial intercourse with
foreign countries would also facilitate
sterilization.
Specific remedies of this kind
should be evolved and tried before
serious consideration of anything
more revolutionary"
The Technocrats may be- wrong in
their figures and may be overstatine
their case, but the Baltimore Sun adj
mits that ''the adaptation of our eco
nomic machinery to tour increasingly
efficient industrial machinery on gen.
orally beneficial economic terms is
so obviously pressing national con-
Germ that the TechnOcrats have per-
formed no slight service in devising a
means of directing animated public
attention to it"
We are long way from the aban-
donment of the price system and a
money economy; however, the Cleve~
Land Press concludes: I'VE are not far
from the date when shorter hours
throughout industry, the diversion OF
more of the fruits of the industry to
the workers, unemployment insurance
old-age pensions, some kind OF eco
nomic planning, some kind of social
control of the business cycle, are i'm
perative" And to let the st. Louis
Star have the last word, ut is just
as safe for the United States to ig.
more chronological unemployment as
it is to fire a boiler without adding
water to it."