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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
Preston Citizen
Location
Preston, Idaho, United States of America
Date
Oct 09, 1958
Page
6
The piece argues inflation poses greater danger to a nation than war by eroding currency and sparking despotic control. It cites history of currency debasement, revolutions, and collapse of monetary wealth, warning runaway inflation could aid communist takeover and threaten U.S. prosperity.
A Washington discussion accuses the Soviet Embassy of a large propaganda operation to influence domestic opinion. The piece notes mailings funded by U S taxpayers and questions free press protections for foreign state communications. It cites a Moscow inquiry and Adlai Stevenson impressions versus Soviet control.
The piece argues inflation harms purchasing power as dollars outpace goods. It cites excess money, government spending, higher wages, and debt as causes and previews future discussions. German 1920s inflation is used as a cautionary example of runaway prices and currency devaluation.
A brief history of German inflation in 1923 and postwar Allied control. It notes mark devaluation from 160 000 to a dollar in 1923 and 242 000 000 000 000 marks per dollar in November, a Berlin paper price of 200 billion marks, and a 1920 inheritance of 650 000 marks turning worthless amid chaos. It ends with resilience from personal resourcefulness and faith, and a teaser on pay raises fueling inflation.
A driving safety note emphasizes the importance of a clean windshield to see the road clearly. It warns that a muddy windshield impedes vision and increases danger, urging drivers to ensure clarity before starting a trip.
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