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Abstract

Can We Afford Peace? The Boom Needn't Bust

Hamilton, David | August 25, 1956 issue

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What will be the effect on the American economy after the cold war. The financial and economic pundits are now asking such questions in all seriousness. There are no unequivocal answers; all that can be considered are alternate possibilities. What the United States may now face is a serious reduction in government outlay, in other words a delayed demobilization of the economy. Any reduction in total expenditure is recognized as a threat to an existent level of national income and of employment.

See Also:

WAR & society; COLD War; REDUCTIONISM -- Social aspects; INCOME; FINANCIAL crises; UNITED States

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1860s, 1870s, 1880s, 1890s, 1900s, 1910s, 1920s, 1930s, 1940s, 1950s, 1960s, 1970s, 1980s, 1990s, 2000s

H.L. Mencken, "An Eminent American," July 11, 1923.

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