Abstract

Editorials

January 20, 1926 issue

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Here are roughly a billion and a half people on this planet requiring certain basic products to keep their metabolism functioning. That metabolism is best served by maximum production--grown, mined, fabricated, and distributed--with minimum human effort. Whenever and wherever production is restricted below consumption needs, and distribution is bent into loops and circles by tariff walls and trade barriers, cost goes up, and the wayfaring man suffers. World economy on any such basis of common sense and straight-line engineering is, of course, beyond the capacity of those practical citizens who have world economy more or less in charge.

See Also:

CONSUMPTION (Economics); COMMERCIAL policy; EXPORT subsidies; INDIRECT taxation; NON-tariff trade barriers; INTERNATIONAL economic relations
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