The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1942-11-19

a { e demand
for civilian goods that we can't
supply at present, being too busy
with war production. Theren be
such a demand. all right. There is
after every war, for that same
Identical reason. A demand is no
good to business il the DESTROYS folk
are too fiat broke TO foot the bill
for the stuff they want. And that's
Just the shape that war leaves EN-
in. No country, any more than an
individual, can thriftily pile up
wealth for quite awhile and then
destroy il, running frightfully into
debt, too. without finding itself
badly depleted by the performance.
It hardly needs saying that a state
Of all-around bankruptcy and Of
national prosperity aren't bit con-
sistent with one another.
Consequently, when one Of these
optimistic economists broadcasts a
sample Of his cheerful postwar an
ticipations you can't help wonder
ing II he really has much faith
in EN-.
An alternative proposition Is
that Wen have TO start in on a ire
mendous program Of postwar pub
lie improvements, railroad building
and similar large-scale Industrial
activities, to take up the slack Of
unemployment. All, but you'll note
that reference to the slack Of un-
employment" That doesn't sound
so darned prosperous, does it?
HAney's Cure
There are cures, though, even for
diseases that you can't help catch
ing. Dr. Haney mentions one for
the spell OF postwar depression,
which he recognizes as a probable
ity, but doesn't think will be very
bad or last long-not il we take
what he considers the proper medi-
cine, 2s he surmises well do, not
that it'll be formally prescribed Tor
US, but that our system will so cry
out for 1t that well simply grab at
1t naturally
Indeed, says the professor, we
made our initial grab last election
day.
In short, Economist Haney's
diagnosis is that abandonment of
the New Deal will be sufficiently
helpful TO US to countTact unfavor-
able postwar tendencies. And
more, too, according to Professor
Haney; it'n give us an outright
economic FLIP. 1t won't be as eff
fective as 1t would be II we hadn't
had the New Deal to begin with,
and then the war on top Of it. New
ertheless, the professors notion is
that general rejection OF New Deal
erisn will land US back into nor
malcy-plus something Of a per-
centage.
I've referred TO Professor Han
ey's prescription as medicine.
It isn't exactly that. It's more in
the nature Of abstinence-from
New Dealerishness.
The professor rather implies that,
IN one respect, the New Deals ex-
tinction will result advantageously.
Tendency Apparent
There was a tendency toward It,
before it came into its own, and II
was a tendency that worried bust
ness and, unconsciously, labor and
agriculture. Such is the New York
university teachers Judgment.
The guy in the street, AYERS the
prof, is sick Of RECOMMENDATION and
bureaucracy and already is scam
dahzed by coming taxation's pros
poets. Hes stuck for taxation, any,
how, but he may be able to modify
RECOMMENDATION and bureaucracy to a
mOdicum.
The prof draws his conclusions
from the November election. It
isn't pure matter Of guesswork.
The New Deals fizzled, as per his
verdict.
take It that he isn't altogether
unthankful to the war in having.
as by-product, demonstrated It.
Economist Haney dwells upon
the huge postwar foreign demands
for capital. AS 70 that, there's no
question. Therell be the DEMAND.
all right.