Show Economic Myths Seen As Threat Commerce Secretary Frederick Fred Fred- erick crick B B. B Dent Dont has warned that economic myths can undermine the strength of oC the nations nation's economy and turn it in the wrong direction tion Unfounded rumors result in consumer buying sprees that create temporary shortages short short- a ages es overnight he told delegates dele dele- delegates gates at the National Cotton Councils Council's recent annual meeting in St. St Louis Dent also said there was no basis for Cor scare talk of oC dollar- dollar loaf a bread and dollar dollar dollar-a- a- a gallon g gasoline Despite inflation he said 1973 witnessed an expanding economy that brought higher living standards rising employment employment em em- a stronger dollar and a surplus of trade lie He acknowledged that first garter will be he bethe bethe hethe the tough one but said improvements should come comein comein comein in the second quarter as readjustments readjustments readjustments re re- re- re adjustments are arc made to new living styles brought on by bythe bythe bythe the energy shortage Dent praised cotton farmers farm farm- ers for responding construe lively to worldwide demand for Cor their fiber by increasing planting intentions for the 1974 crop He also said American business is expressing expressing expressing ex ex- pressing confidence in the future by increasing capital investments for plants and equipment b by 13 percent |