CAUSE OF INFLATION

To the Editors of the CRIMSON:

Regarding the disagreement between Mr. Robertson and Prof. Harris you might be interested in reading the November Business Letter put out by the National City Bank of New York.

On page 12 it shows that for the years 1946 through 1961, Federal Debt held by the public went down 34.5 billion dollars while Private Debi increased 136.4 billions. These statistics are probably the basis for Prof. Barrie' equiention that business spending has contributed more to inflation than Government spending.

I personally think that any student who has an opportunity to study Economics with Prof. Harris is a very lucky guy indeed. Heward E. Marston