Show FEAR IS OUR CHIEF FOE when the economic crash came in the fall of 1929 there were logical reasons for it to a certain extent but not to the extent which panic stricken speculators and others imagined it is true that values had been inflated beyond reason there had been overproduction over production and over buying but calmness and sound judgment might have prevented the disaster which followed in the wake of a paralyzing fear which suddenly seized business and industry now with everything thoroughly deflated production drastically curtailed and millions in need of commodities which they can not earn the money to buy fear still keeps capital hoarded away instead of being used to start the wheels of industry going again the unemployed can not buy the employed will buy only necessaries because of fear of losing their jobs the manufacturer fears to borrow to resume operation because of the lack of ai market the banker would not lend anyway through fear that the manufacturer would fail thus operates the vicious circle yet with an ever increasing population the material needs of the country are greater than ever intrinsic values have not been wiped out forest field and mine are ready to yield natures gifts factory and market place are prepared to function as before but fear keeps timid though abundant capital from putting willing hands to work that such a situation should continue to exist simply make sense its continuance is a grave indictment against the thing we call civilization |