Marketing And Farm Credits Proceedings of the First National Conference On Mark
Marketing And Farm Credits Proceedings of the First National Conference On Mark
Ill National Conference On Marketing And Farm Credit
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THEORIES ON THE COST OF LIVING. In addition to the great benefit to the farmer, and therefore to the country, in teaching him his strength in organization, and how to use and turn it to financial and political account, the question of the cost of living is largely included in this and other rural problems and that of our currency system. Our antiquated banking and currency system is only adapted to concentrate cash and restrict credit. The rise in the price of com- modities both increases the d...emand for and diminishes the supply of capital. A proper banking system would keep pace with the need of capital, 182 MAKKKT1NG AND I- A KM r UK I UTS for it encourage* buHiness which creates credit. An effective currency system, which we ono day hoj>o to have, tri| crly develop our croilit, put u* on a pnr with and cvontiiHlly in tin- !. M. | \ other n. -itioiw, does not depend on gold, hut on credit The KtitflUh system has boon well said to he "a currency of prom- ises, the cheapest and bent currcnry that man has ever devised.
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