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The New Zealand Railways Magazine, Volume 5, Issue 9 (April 1, 1931)

A Universal Issue

A Universal Issue.

It is not the province of this column to enter political judgments, and the purpose of the last paragraph is merely to show that while Britain remains in the class of countries taking heed of economist advice, Australia (from the British banker standpoint) is a country professing uneconomic expedients. This fact is too profound to be passed by, and it needs no elaboration. It throws up two fundamental things—(1) The complete latter-day interdependence of politics and economics, and (2) the choice that politicians must make between keeping in step with the economist, and marching away from him into some new adventure. The issue that is between Mr. Snowden and his Left Wingers, and between the Rights page 50 and the Lefts in Australia, is becoming also the issue between Mr. Hoover and those who would lead him into great Communistic experiments.