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ginning of Second World War--Reasons for Differences
in Price Advances of Different Commodities: Raw Mate-
rials; Plant and Equipment; Workers; Consumers' Goods
in General.
CHAPTER IV
INFLATION AND DEBTS 		42
Bonds v. Stocks--Inflation and the Banks--Disadvantages
of Inflation to the Banker: Depressed Security Prices as a
Result of Advancing Interest Rates; The Case of Govern-
ment Bonds; Higher Interest Rates on Time Deposits;
Increased Banking Activity and Administrative Expenses
--Advantages of Inflation to the Banker: Increased
Volume of Loans; Decreased Losses and Failures as a
Result of General Business Stimulation; Higher Interest
Rates on Assets--Inflation and Life Insurance.
CHAPTER V
INFLATION AND INTEREST RATES 		60
Elements Contained in Interest: Pure Interest; Cost of
Administration; Insurance--Depreciation and the Inter-
est Rate--Rising Prices Stimulate Demand for Capital--
The Future.
CHAPTER VI
INFLATION AND FOREIGN TRADE 		69
Inflation Benefits the Export Trade--Inflation Hurts the
Import Trade--Inflation as a Policy for Stimulating a
Nation's Foreign Trade Is an Economic Absurdity--For-
eign Resistances against Exchange Dumping--Exchange
Wars--Creation of Uneconomic Vested Interests.

-x-

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Publication Information: Book Title: The a B C of Inflation, with Particular Reference to Present-Day Conditions in the United States. Contributors: Edwin Walter Kemmerer - author. Publisher: Whittlesey House, McGraw-Hill. Place of Publication: New York. Publication Year: 1942. Page Number: x.
    
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