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There will be a reaction someday. But prosecutions won't bring the money back, and the American taxpayers will be forced to keep on for years, paying money into the Federal Treasury to pay off the fantastic profits that some of the war contractors are making at this moment.
Swinf August, 1945
But we still have the same program of operation. Congressional committees investigate and make a report, and then the matter is dropped. And good solid American dollars keep pouring out by the million and millions in exorbitant profits.
THOUGHTS WORTH REPEATING
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.merican business pays its taxes, its payroll and its other costs out of what it receives for its products. The sum left over goes to the stockholders as a return for the use of their funds, or is reserved for the future needs of the particular enterprise. There is no magic about corporate finance. A corporation is exactly like an individual in this respect: it cannot for long spend more than it receives without 'going broke'." — -Benjamin F. Fairless. President United States Steel Corporation.
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■ s long as inflation is nothing but a future possibility, fear of its consequences is usually sufficient to keep everyone in line. Neither individuals nor groups are willing to start the avalanche. But, break the line at any point, set the spiral in motion, even though slowly, and a mad scramble follows." — Leo M. Cherne. Executive Secretary Research Institute of America.
Lost of the dire predictions of civilian privation made some two years ago have failed to materialize, and the reason is that no one could foresee the miracle wrought by business enterprise in expanding its output, in spite of the handicaps of strikes, red tape and shortages of some materials." — George V. McLaughlin, President Broo\lyn Trust Company.
Xhe more we reduce the risks of business by building a favorable climate for business, the lower is the necessary profit which will induce high rates of industrial activity. If we make the life of the businessman tougher, more uncertain, and constantly threaten investments with all sorts of pressure group and political action, we will find that we cannot have high levels of production and employment." — Emerson P. Schmidt, Economist.