The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1943-06-15

Brave New World
Still Leaves Lot
to be Provided
BY Charles p. stewart


ed. Only celebrated PROFESSIONAL
economists are deemed competent
even to discuss them in interna-
tional conference. These boys them
selves agree that they're doing lit
tie more than scientific guessing.
Preceding wars always have been
advertised, while in progress. as
preliminary 10 one or another peri
cd OF perfectly heavenly, enjoyable,
popular conditions 10 come The
opposing sides have done II in com,
petition with one another. and in
.variably both OF them have been
fooled.
Occasionally a war has been FOL.
lowed by a brief boom. but It al
ways has busted pretty shortly ami
a long depression has ensued
This record has made the profess
sional prophets skeptical Of their
own broadcasts.
They continue to make them, as
a matter OF habit, | suppose, hu'
they do it with few fingers
crossed on each hand.
They say that
IF, so-and-so. such-and-such poll
cies are pursued, all will be well
They don't contend that their rec.
concentrations will be adopted,
though. They're quite aware tnat
they never are-or never HAVE
BEEN in the past Will this time
be an exception Few OF the wiz.
ards are optimistic enough to an
sver Yea"
Yet there's an exception
He turned up in Washington the
other day IN the person Of Homer
z. Capehart, multimillionaire Hoos-
Ter manufacturer OF war supplies
and critic of the Administration,
who specifically points out what he
thinks ought to be done and who eX-
presses his conviction that the Am
erican voters will attend TO DOING
II al the next national election.
In short, says Business Leader
Capehart. our next Congress will be
Republican.
That's Economic Doc" Cape
harts proposed remedy. only, he
not only recommends 1t; he's CON
virced that the country will gulp
II down
Is II likely that anyone will have
70 wonder long whether Capehart IS
a Republican or Democrat.
We'll. there might be room for
discussion even then. There are
Democrats as anti-Nev Deal as
Republicans.
The question. among diagnosti'
clans. is
Will Doc" Capeharts patients
be able to assimilate his medicine
or not?
He can see why they'll need II.
So can anybody.
For a long period, the generality
OF folk will have been suffering
for the ordinary necessities OF life.
The demand for them will be ire
mendous. And therein be no limit
10 the capacity for supplying the
demand. War requirements will
have frazzled out. Everybody vii!
be hollering for exhausted peace
time stuff.
Its the old story. Accumulated
demand and delayed supply.
There1l be the demand all right
But how will the would-be Gus
toners foot the bills?
That's always been the dlfIiculty.
There hasn't been enough stuff. GER
taihly. Prices have not been reason
able because there hasn't been what
is called for to go around.
What about wartime needs? They
are right now.
Postwar opportunities! says
Capehart.
But later on?
There won't be too much stun
or too many applicants for 1t, but
can the would-be customers make
cnange at the bargain counter?
viii the Observation-Disclosures
split at next election settle the
question?
II will be an historic economic de.
velopmeut for Capehart TO prove
his partisan proposition, though
or TO lose out on 1t. II the Repub.
licans win in the next election, per-
haps he wins. II the COP. does
win and subsequent times are punk,
he loses. He also loses il the New
Deal wins and times are lovely.
In either event. my betting Is
that post-war.times will be far from
as glorious as advertised.