The writer. suggests that the dangers in the inflation of manufacturing resources to meet a temporary demand are, firstly, that the additional capacity will be redundant hen conditions become more normal, and, secondly, that the inflationary process will set in motion a rising spiral of wages and prices of materials.
The article contends that the diversion from civil to Government work may appear more advantageous from economic standpoint since it avoid the necessity for a expansion of industria capacity.
It is urged that the use of taxation to curb civil demand (say, for high-powered cars) "always operates unfairly, is economically unsound, and is of doubtful effectiveness,
Text read from the printed page and cleaned; old type leaves the occasional error.