Word: moreâ
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...will pay high prices and bakers will earn high profits. Those profits will lure investors to build more bakeries. If they wind up turning out more bread than consumers want to buy, prices and profits will fall and capital will shift into making something that consumers need and desire more???shoes, perhaps. Thus the businessman seeking only his own profit is "led by an invisible hand to promote an end which was no part of his intention"?the common good...
...whether there was a war or not; for example, the ships of the Seventh Fleet would have to be manned and serviced wherever they were. Thus, Pentagon planners estimate that peace would bring a savings of $5.8 billion annually. But Pentagon leaders insist that all of this sum?and more???will be needed for other military purposes. For one thing. President Nixon has ordered up several new strategic-weapons systems, including North American Rockwell's B-1 bomber and Lockheed's Poseidon missile. Nixon expects defense costs to rise from $76.5 billion in this fiscal year to $83 billion...
Such a weariness?and much more???accounts for the profound hibernation of the radical movement in the U.S. The students who closed down scores of campuses after Kent State and the Cambodian invasion last spring scarcely stirred at the current South Vietnamese expedition into Laos. Only last summer dynamite seemed the shock wave of the future...
...before recessions and rises when they occur; thus a 1970 recession would not necessarily make stock prices fall further. But it will be hard for stocks to rally briskly until credit is eased. Economists generally expect that interest rates will taper off slightly?perhaps by 1% or a bit more???as production and demand slacken in the year ahead, but that they will stay fairly close to their historic highs for as far ahead as anyone...
What took place at Bethel, ostensibly, was the Woodstock Music and Art Fair, which was billed by its youthful Manhattan promoters as "An Aquarian Exposition" of music and peace. It was that and more???much more. The festival turned out to be history's largest happening. As the moment when the special culture of U.S. youth of the '60s openly displayed its strength, appeal and power, it may well rank as one of the significant political and sociological events...