PROFESSOR IRVING FISHER
460 PROSPECT STREET
NEW HAVEN, CONNECTICUT
November 28, 1931
Dr. G. von Schulze- Gaevernitz Battle Creek Sanitarium, Battle Creek, Michigan
My dear Dr. Gaevernitz:
Thank you very much for yours of November 20. I appreciated
extremely your kind word in your several letters and in your speech
before the Statistical Association in New York, as well as your
article in the New York Times which I recently read and the manuscript
which you sent me.
More important, I am delighted to know that I
have such an enthusiastic and willing colleague in trying to bring this
matter before those who have the power to apply the principles.
There are two small points in which I would offer some criticism.
The last sentence of the last line of the first page I think might be
improved by putting in the word "A" at the beginning. The last three
lines of page 2 and the first two lines of page 3 I would omit, as I
do not think it practicable to distinguish between the money flowing
through consumption and that flowing in other ways.
As long as we can
stabilize the price level so that there will be no unemployment, the
matter of consumption is more or less self regulated by incomes, and
the equilibrium between spending and saving.
I was very much interested in your enclosed statement about your
background. I take pleasure in enclosing a letter of introduction to
Mr. Owen D. Young. He is, of course, a very hard man to see although
can
he is very ready to see distinguished people like yourself if he
get the time.
Very sincerely yours,
 Irving Fisher