Article December 5, 1970 ISSUE

Intelligence Conquers Inflation

MILTON SIMON

Inflation is a source of concern to many in most Western countries today. People are faced with high prices, often accompanied by high taxes. Yet personal problems arising from inflation yield to an enlightened understanding of supply.

Although written centuries ago, the prophet Haggai's words can be applied to present inflation: "Now therefore thus saith the Lord of hosts; Consider your ways. Ye have sown much, and bring in little; ye eat, but ye have not enough; ye drink, but ye are not filled with drink; ye clothe you, but there is none warm; and he that earneth wages earneth wages to put it into a bag with holes." Hag. 1:5, 6; The need today is not only to earn more but also to avoid having our possessions consumed quickly.

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