Economic Freedom for the West

Economic Freedom for the West

Economic Freedom for the West

Economic Freedom for the West

Excerpt

IT IS STILL too early to evaluate with precision the full significance of America's industrial achievement in World War II. Certain aspects of that accomplishment, however, have had a direct and startling effect upon our national life and our national thinking. The speed and capacity of our production not only unbalanced the plans of the Axis but also gave us a new conception of the vitality and the, possibilities of our economic system. If we take full advantage of this insight there is every reason to believe that this nation can surpass in the years of peace ahead its performance under the pressure of war .

Historians have told us that the vanishing of the geographic frontier constituted a major turning point in our evolution. In a strict sense this was true, but all too often in the years before the war it was assumed that the passing of the geographic frontier also meant the disappearance of broad opportunities for economic development. The stark adversities of war compelled us to re-examine our economic potential and to recast our thinking. It soon became . . .

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