24 SEPTEMBER 1932, Page 28

BLESSINGS OF " CHEAP " MONEY?

Incidentally, it is impossible not to _comment upon the manner in which the long persistence of -phenomenally cheap money and . the continuance of. trade ,depression and ,an actual increase in • the numbers of . unemployed are blowing to smithereens the fallacious arguments of those who ha''e so stoutly maintained that an abundance of cheap money- would quickly bring about arreviVid in trade. The causes of trade depression, however, are much more deeply seated and have little or no connexion (Continued on page- vi.)