A7 - Sunday News, January 24, 1982 GS mailbox ee Block names wrong goose ‘Golden eggs’ Dear Editor: In the January 10 Sunday News Walter Block of the Fraser Institute indulged in fearmongering as he stated how the imposition of ex- change controls, so as to allow the government to lower interest rates, would kill the goose that laid the golden egg. He felt that instead we would all be better off under the present high interest rates so as to raise new investment sources. The analogy of killing the goose that laid the golden egg is a good one, but for the We should fine snow litterbugs Dear Editor: After a big snowfall, while everybody is waiting for the snowplow to clear the road, some of our better citizens on the North Shore who have nothing better to do, rush and throw all the snow from their own driveway back into the road. It sure makes it easy for the people, who live further up, but these feeble-minded, inconsiderate“ people couldn't care less, as long as their driveway is clear and to hell with somebody else. Why don't the municipalities fine these people for littering? One who has had it. F. Faller West Vancouver If you love your Honda let me take care of it Peter's Winter Tune-up condenser air filter “49.9% plus tar plugs. points fuel filter. al our new, larger location 1124 West 15th Sc, NORTH VANCOUVER Peter K Automotive Ltd. 988-7671 ample parking tn rear olf L boyd eR OES RPT Si henna eee eS opposite reason that Block states. It is high interest rates that are killing the goose that laid the golden egg, not low rates combined with minimal exchange controls. The people who create the bulk of wealth in the economy are the very workers, farmers and businessmen who are being strangled by high interest rates. Workers who want to work and contribute to the economy are then left idle, thus being forced to take from the system through welfare, rather than give. And it’s not because they are no longer productive, but instead, because they are not productive enough to pay off extortionate interest rates. For example, take a businessman who operates a business that on average yields 15% more wealth for the society on top of the wealth generated to pay his labourers. If interest rates are at 10% then his business will flourish and workers will be employed. But if the rates go to 20% and stay there long enough, then the businessman will go out of business since he only yields 15% from his investment. Not only will society then New road could miss watershed Dear Editor: Mr. E. Crist obviously hasn't done his homework (letter to The North Shore News December 27, 1981). The best highway route to Whistler and the North doesn't go through our watershed area. It swings over into the Indian River watershed before it reaches the Seymour dam. Result: no “pollution”, no con- timatination of our Van- couver water supply whatsoever! By tunnelling through Seymour Mountain below the water supply dam and going directly north to Squamish we not only avoid the avalanche area typical of Howe Sound but we also cut 25 miles off the run to Pemberton etc. It is shorter than the so-called Capilano River route and it stays away from our reservoir basins. Yes, the highway along Howe Sound has to be improved. But the Provincial Government must look more imaginatively to the north. It must plan, now, for a safer main highway route up to the Chilcotin and the Cariboo. And when it is finished it will not only open up a very large scenic area to our tourist industry but it will save lives and take pressure off the longer highway route through the Fraser Canyon as well. Hon. Jack Davis, M.L.A. North Vancouver-Seymour lose the 15% profit that his investment generated for himself, but society will also lose the amount of wealth generated to pay his em- ployees. Then, when those workers are laid off, we must bear the added cost of supporting them, instead of sharing in the wealth they created. As can be seen from my example, high interest rates therefore result in a tremendous amount of wealth being lost from the system. And every manhour lost cannot be recovered. It is potential lost forever. So what's the solution? WV dogbite victim gave up after runaround Dear Editor: Re “Wild WV dogs” (North Shore News, Dec. 13), I too was bitten recently by a dog in West Van. It was bad enough being bitten, then having to spend an hour or so in Lion’s Gate Hospital getting a shot and being bandaged, but what was almost worse was the runaround I got when I tried to press charges against the owners. In the end I dropped the whole thing, after being assured that the owner would get “a good talking to.” Tom Haines West Vancouver We (Were also open Saturdays from BOO am alse NORTH SHORE COMMUTERS if you commute downtown and find your bank crowded at lunch hour, consider bank- ing with us on your way home. We're open until 6:00 p.m., Monday through Friday. to 400 pm ) otter the conven mnce ot 7 days a week 24 hours a day seevice with out “Personal Touch” Banking Mare bite So... for the ultamate in banking service, drop in and see us, at 1545 Upper Lonsdale, between 15th and 16th a ~e, J WERE THE COMMENTERS BANE "ROYAL BANK ro ke 4 1545 Upper Lonsdale If Canada went on its own with lower interest rates there are problems in that there would be an exodus of capital unless you had ex- change controls. that prevented the lenders from leaving en masse. You wouldn’t need widespread exchange controls such as Walter Block deceptively tried to imply. For instance; there would be no need in restricting imports or stopping travellers from spending abroad. Instead you would just need minimal controls to prevent the large lenders from leaving al! at once. Block expressed worry that if we put any controls on capital flows, international lenders will leave Canada for good. On this, I beg to differ. As one wise man put it, the multinationals would go to bed with a snake if they could make a profit from it. They may be upset with exchange controls, but they won't leave for good. Canada, with its skilled labour force, abundant energy and resources and a stable political system, is one of the safest coutries in the world to lend money to. The lenders wouldn't leave, they would just try to get the best deal they can by threatening to leave. BF a Phrough stores muse Peachers at the ( agtlan further dist ussion telephone for free Drom burce 2260 Philip Avenuc North Vancouver Nurecry, Pre School Kinderganen Q A positive attitude. .. to learning ts developed in the pre-school years. The Waldorf nursery pre schoot and kindergarten for } 4S vear olds provide a warm and harmonious covironment where young children can begin to devciop postive attitudes to work and towards others that will became real capacities in later bite movement handwork and imaginative play the children find yoy in simple activitnes together eand! yoo Valley kx ations acc availabte for of your cbilds aceds by appomimenat OPEN HOUSE, MONDAY 22 FEBRUARY. 7 The Vancouver WALDORF SCHOOL 985-7435 Pre School * Rindersganen * Crade School Next time Walter Block talks about killing the goose that lays the golden egg, he should first figure out who the goose is. He seems to think that it is lenders but actually it is the workers and businessmen who are the geese that lay the golden eggs and if this current insanity persists, we will all ‘Jose far more than will be lost by inflation and minimal exchange controls. Paul Hundal North Vancouver Name Brand Mattress Sets Save up to 1/2 Price & not less than 20% Monday, Tuesday, Thursday, Saturday 9-5 Closed Wednesday Friday 9-9 Sunday 12-4 980-6715 Mr. Mattress 842 W. 15 St. North Van. off Fell and Marine Phe aac 9:00 pm 7725 Sa. Chrtmopher's Road North Vancouver Kinderganco (,rades 1.9