The Economics of Survival

Keyserling, Leon H.
November 1953
New Republic;11/2/53, Vol. 129 Issue 14, p9
The article discusses the U.S. finance. There is a controversy as to how fast and how comprehensively the U.S. should build their continental defenses against sudden attack, although the President of the United States has declared that the Russians now have the capability to launch such an attack and that their capabilities will rapidly increase. The experts with respect to continental defense may well have differences of opinion as to the most desirable nature of such defenses and as to the degree of their effectiveness at best. If defense outlays should level off or be reduced, in accord with current plans, there will be need for an enormous expansion of consumption to maintain growth in a healthy economy.


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