The people's voice. [volume] (Helena, Mont.) 1939-1969, 1956-10-19
TO OBTAIN REAL PARITY

TO OBTAIN REAL PARITY
I'm order to obtain real parity for
FARMERS, the economist contended,
we must have a national policy that
holsters the farmers bargaining posi-
ton because che can't control his
market" as do other industies. To
obtain such a policy, farm people
must have other groups going to bat
for them, as labor has been doing.
Consumers, public officials, the press
and radio must be convinced that it
is in the national interest that agri-
culture maintain a prosperous posi-
tion.
Speaking ON the farm philosophy
of the present Administration, Key
serling said they have applied to the
farmers with a vengeance the very
policies which wrecked us a quarter
of a century ago. Celebrating, he
said: we've been told Cd we have
overproduction, (2) because farmers
have been getting too much for their
products, 90 the answer is to slash
farm income and the farming popu-
lation will shrink, (4) with such
shrinkage, farm income will go up
again. Butt hasn't worked that
way Price slashing hasn't reduced
SURPRISES.
Surplueses are little lower today
than they We're a few months ago |
because some people in Washington
are, in am election frenzy, doing some
of the things now they should have
been doing over the last 8 y years.
SURPRISES still, are three to four
times what they were in 1862. In
this connection, he emphasized:
"You cannot get rid of SURPRISES
by cutting incomes! We should
have learned that from the last
great depression" Price slashing
has resulted in farmers working
harder to produce more in order to
keep from going bankrupt.
HARD MONEY"
POLICY
Calling attention to administration
that higher farm prices
and higher wages are inflationary,
he said the 'fhard money" policy of j.,
the administration is the most infla-
tionary force in the nation instead +,
Of being the anti-inflationary force J
hey claim it to be. =
Explaining the term, Keyserling
said the "hard money" policy means
hat by raising interest and discount /
'ates the federal government has j.
made money harder to get and made +
is cost more expensive. For every 7
100 paid in interest by various gov 4
,rnmental subdivisions i'm 1862, the y
.ost is now $140. This increased in f
crest must be paid for by the tax :,
ayers of each governmental sub 3
ivision.
But, higher interest rates on gov
rnment borrowings, imposed by the g
authorization meas :,
res, also reflect themselves in high :.
+ interest rates being charged :"
the economy . result .
interest costs ON car contracts, y
ONE loans, and other consumer boz ~
owing, going up e. 40 per cent as :; .
f now. ~
''The American people over the to
asst 312 years." Keyserling said, w
have paid $40 billion in higher w
interest rates, directly or Indirect in
y. This amounts to more than 5000 err
per family because of the admin fir
STATIONS hard money policy :" by
In addition, to higher interest -
ties, this policy also makes money
ore scarce, makes it impossible for
any people and business concerns
borrow the money they need for
rsonal Or expansion purposes.
The "hard money policy, he said,
70 had a hand in the increasing
mber of small business failures.
Oh failures as of September 80,
Sc, were SO per cent higher than
1862, and the rate is at a con-
mt increase. I'm 1852 small bust
So accounted for 71a per cent Of
profits. In 1856, the percentage
down TO u per cent.
X POLICIES FAVOR