As a constant reader of your excellently edited Money Matters, I see in it reflection of the deep concern that is held by the insurance companies over the progressing inflation. I wonder, however, how much they hope to sweep back the tide with a broom of words. Is there not some quest for action to be taken by the companies themselves to preserve the tremendous equities involved in life insurance?

I wish to go on record as forecasting the complete collapse of the political monetary system in total inflation with no possible point of stabilization. When the insurance companies are prepared to entertain this possibility, I shall be prepared to present my plan for stabilizing their income and outgo on a monetary unit dissociated from the dollar and proof against inflation.