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Show People Urged To Save War-Time War-Time Earnings During the past three years, according ac-cording to an estimate of the Department De-partment of Commerce, individuals in the United States have saved around $65,000,000,000 and the question that now interests economists econo-mists is when will they begin to spend this enormous sum? Everybody knows that during the war the scarcity of goods made it necessary to postpone purchases. purchas-es. The lack of sales, due to this reason, has been estimated at around $37,000,000,000, reflecting the unfilled demand for motor vehicles, ve-hicles, building materials, furniture, furni-ture, furnishings and other home , eauiDment. mists to hold their bonds to maturity. ma-turity. Not only will the holder of the bonds gain greatly in the interest in-terest received, but the forbearance forbear-ance will ease the transition period. per-iod. Moreover, there is the reasonable reason-able prospect that most individuals individ-uals will be able to buy a reasonable reason-able amount of consumer goods without sacrificing their savings, which should be retained for the proverbial rainy day. Obviously, when industry turns from the production of war goods to the creation of consumer goods, there will flow to the markets a mass of products for which the public has been waiting. If buyers, buy-ers, acting impetuously, throw the entire $65,000,000,000 they have saved, into a purchasing spree, the nation faces dangerous inflation. This explains, in part, why individuals in-dividuals who have purchased war bonds are now being advised by financial institutions and econo- |
