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The Iron Age 1930-09-18: Vol 126 Iss 12

1930 Reed Business Information US

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THE IRON ACE New York, September 25, 1930 ESTABLISHED 1855 BUSINESS—What ERTAIN economists confidently declare that they can prophesy moderately ahead unerringly the astronomer foretells eclipse the moon. Rather than with astronomy their analogy ought with meteorology. The science prophetic down the knowledge that this hemisphere most storms originate the West and generally move eastward and may outstripped few days the telegraph. But they not always follow regular course and besides that one knows just what starts them. are almost ignorant the starting economic depression, until long afterward the historians review conditions. For practical guid- ance know scarcely more than that they occur every now and then and later dissipate more less the same way. Our optimism the present moment chiefly based such historical prece- dents, and the statistics that eagerly scan are examined for symptoms rather than reasons. NDUSTRIAL depressions may start from over- building, from adversities nature, from over- straining credit, from warfare, from general bad habits living, from political discontent, from social movements, and probably from other causes, two more which may acting conjunc- tion. …

Citation

The Iron Age 1930-09-18: Vol 126 Iss 12. Reed Business Information US. 1930.