The Miseries of Midas.

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  • Author(s): Stone, I. F.
  • Source:
    Nation. 12/4/1943, Vol. 157 Issue 23, p657-658. 2p.
  • Additional Information
    • Subject Terms:
      FOOD supply; INDUSTRIAL productivity; FOOD consumption; COST of living; MACHINE tool industry; EMPLOYMENT
    • Abstract:
      The industrial capacity has been vastly expanded by the war, recent cries of anguish from the machine-tool industry provided the most dramatic example of the need for reviving markets abroad. Although one-fourth of the food is being used for military and lend-lease purposes, domestic food consumption per capita has reached the highest level in a generation. Furthermore, shipping surpluses abroad instead of restricting the output maintains a higher level of employment and economic activity in the U.S.