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Editorials

THE WAY TO A BALANCED ECONOMY

From the July 1959 issue of The Christian Science Journal


Much study and research have been given by men and governments to the means of establishing a balanced economy, of maintaining a state of society in which there will be neither inflation, nor recession, nor depression, nor want, but peace and prosperity.

In these days much is being said in some nations of the need for combating inflation, which is supposedly the process of rising prices attributed generally to the fact that there is too much money available but not enough goods with which to supply all that the public needs at reasonable prices.

In order to control the threat of inflation and to act in the interest of their citizens, some governments have established a system of controls by budget and other regulatory measures. Thereby they expect to keep prices down and to secure favorable conditions which permit steady economic growth and the stability of the monetary systems of the nations.

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