National Economic Problems

This thumbnail sketch of the over-all balance of the U. S. economy, as it shifted from peace to war and halfway back, Indicates how important for the economic health of a country Is its ability to produce goods and services; also, how important it Is from a point of view of its military capabilities. A significant fraction of our total income is devoted to purposes of defense, even in the present peacetime, and an overwhelmingly large pro­portion - during wartime