News of the Week T HE Federation of British Industries has
added its testimony to that of the other experts who see excellent weather signs on the horizon of trade. When manufacturers, bankers and. Ministers, like the President of the Board of Trade and the -FinanCial Secretary to the Treasury, who have the latest figures before them, all speak with one voice, we maybe surethat there is a solid foundation for their - hopefulness. The "boom " year of 1920 was the result Of inflation. It is always possible to create employment and expand markets by inflation, but the price has to be paid later. When a cautious or orthodox Government decides to deflate it is always open to the criticism that it is ruining trade, whereas it is really administering a disagreeable medicine in order that the patient may be snatched from a wasting disease.
