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Show 2 ; ... - - . J'KAK i'KOSI'KKITV Th, Ar:,-r: 'a:, i.U: have a perfectly enormous ;MIN.,Ti;il (,lI)a,iiy ami hence airily to provide uni-v-il v.elfan-, if that capacity could only be lull uUiW.A. If Ui,in.-s couhl con,tantly run at the top m,,1 of uhich it is capable, there should be a sale for all' surplus farm products, and it should be possible to pay all co,ts of government including defense, without with-out borrowing money. . The problem then is to help the industries run regularly, and provide work for all or practically all the' people who are able to work. The industries can't usually operate without orders for their goods. Some of them making staple lines may be able to stock up on regular patterns in advance ad-vance but there is a limit to such stocking up. After they accumulate stocks of a certain volume, they feel it too costly to auu to iumc The whole system depends upon the ability of the people to buy goods. Some say the way to solve that problem is to raise everybody's wages, so they would be able to buy. That would advance prices and cause business uncertainty, so that the people would not probably be able to buy any more. Panics and business depressions interfere with the regularity of production- Panics are largely caused by excessive speculation, which forces prices of securities securi-ties and commodities too high. When prices get too high, people stop buying, and factories shut down. When people lose their money in speculation, and when they fail to pay what they owe, business suffers, and many people lose their jobs. The people should be willing that business should earn enough profit to make it worth while to do business, and also to compensate com-pensate the owners of business for the risks they take in carrying on business. |