Milford chronicle., 1946-11-08

makers arc becoming definitely worried that the IN
creased prices for will prove be strong sales
depressant. And these higher prices like all
other prices, mainly the result of big increases
in pay to labor with an actual decrease instead of
an increase in Iabors productivity.
We're moving swiftly toward some kind of
climax. Labor should begin wonder just what its
unbrdled demands may do to it i'll the future. The
results of last Tuesdays should organized
labor to stop, look, and listen.
r. FOR MANY YEARS, the governments fiscal
policy has been largely based on the John Maynard
Keynes theory of economies At time, MIR. Keynes
conferred with the late President Roosevelt. The
theory extremely complex in detail, but its
is smplc-that the government should prime the
pump to maintain employment and production c
bad times. A good practical example of this was tho
WPA in depression days
Without debating the merits of Mr.. Keynes eco
nomic principles it should be obvious that there is
another side of the picture. II government is to
spend beyond its income in bad times it spend
less than its income in good times in order reduce
the debt and create surplus capital and credit fo
future use when needed And that side of the picture
is what we have completely failed to in this coun-
try. We in kind of boom, employment is
beyond the 6O,OO0,OOO job level urged by MIR. Wal
iaCe-and VIC re working on inc largest pcaCet1me
Federal budget in history
To talk about economy isn't to practice economy.
And Washington has lately been full of talk whicl,
has been accompanied by practically action We're
still throwing money and our substance away or
unnecessary dams, tho perpetuatiOn of bureau,
whose life should be ended, and on a million and one
other pork barrel schemes.
This is the road to perpetual initiation, to the
ultimate destruction of the dollar, and an even
tual economic collapse almost beyond comprehension
And only courage and resolution can stop it.
THE GREATEST PEACE-TIME crisis th,
country has had in many years is the current housing
shortage How did this Nation with its almost un
limited resources and production know-how get it
self into situation where homc-any kind of
home-is sought by millions of its citizens? Th
explanation is simple but the solution is not.
During the past year armed forces demobi
lized more than million a month. There hav
been over 100000 marriages each month. Marre
Scrvicemen have returned to wives who lived wit
relatives during the war. Through the Veteran
Emergency Housing Program the Federal Govern
ment is attempting to make homes available to it
returned heroes, but is achieving any startln
results
Instead of the homes SO desperately needed rae
tracks, mansions, resorts stores and cocktail bai
have sprung up all rthc country to reap til
harvest of the postwar boom.
OF the houses that have been erected during til
past year, very few have been within the
the average veteran Even with the liberal loan pre-
visions made available under the G.. |. Bill of Right
young veteran hcsitatcs to burden himself with
$4,000 home.
National Commander Paul II. Griffith of II
American Legion may have hit the nail the hea
when he stated recently that want hous
to rent and not to buy According to survey MAC
= in Dallas, Texas 81 per cent of the ex-service me
want to rent homes and only per ntereste
, in buying.
Whether or not this is indicative of veteran
(, everywhere is of the why the Legion h
a seven-man committee making intensive stuo
of veterans housing in every section of the
The findings of this committee should be Car
\ fully considered by Nation that is sincere in
desire make homes available to those whose Sacr
e fices and hardships made it possible for the wo
home to continue to mean so much to the Amer