The Financial Factor in the War.

This article focuses on the book "Trade Fallacies," by Arthur Kitson. Kitson asks why the Allies have so completely failed to employ the psychological factor against the enemy, while the enemy has employed it in neutral countries with such skill and success against the Allies. What interests the reader most is the financial factor, to which Kitson devotes his second chapter. He appears to be full of admiration for the German way of financing the situation created by the First World War. Kitson assumes that if a nation has no commercial relations with the outside world it has nothing to fear from an expansive paper currency.