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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (July 27, 1958)
HiSEIEMtflHairil Occasional economic dips, reflected in total spending by government, business, and consumer, are minor com pared with over-all pattern of steady, healthy growth. T435 0 435 - 425 425 . oo Fruit juices V" , from Alohii-hind. 'J; 'Now in bottles or cans. on your grocer's shelf or in his freezer. RESINOL I (EASES ITCHING) I Of Dry Eeitm. Rash i I Piles Athlete's Foot I l I . . . i n . . i i i j. i rv : nuw v men nas i h rceuess mm V . . H . - - . .... ... ... ery iiTTie, says mis expert, ana more important, our future is as bright and limitless as ever. H H n Hit n II m RHHBBflflilri 3MM n rariffiH in iu'wi.inw, j- Ai -Jk i-. pi mail w AOT ntrtMtlKrr The author is a member of the American Economic Association, a vice-president of the American Farm Economic Association, and an economic consultant to the U.S. State Department. In 1955, as a member of the American agricultural delegation to the Soviet Union, he spent five weeks in Russia studying its economy. by Dr. D. Gal Johnson Professor of Economics, University of Chicago Economists are like weathermen. As long as the weather (or the economy) is good, no one pays any attention to them. As soon as it gets bad, they're bums. I don't want to take time to argue that economists have as little to do with our economic ujft and downs as the weatherman with weather. I'll merely point out that we just study the economic variations, we don't cause them. The weatherman, in fact, is in a better position to predict what's going to happen, or explain what did happen, than we are. He's dealing with Mother Nature. a relatively stable old girl. We're dealing with her un predictable offspring Man who is infinite in his variety. At the root of our current problem is the old law of supply and demand, a law based on the nature of man, not of the elements. Nor is it a law of government it cannot be repealed. It's the balance between what man produces and what he wants. At the moment, he's produced more than he wants. I mention all this because, now that we're in the midst of another recession (or whatever you choose to call it), people are noticing economists again for the first time in about five years and asking questions which have no hard-and-fast answers. We can't say in a few words "What happened?" or "Who goofed?" Family Weekly, July 27, 195) In general, however, the facts are that nobody goofed and what happened was a natural end to another period of our economic history. What goes up must come down a little bit anyway. The supply has caught up with the demand temporarily, at least. If those who worry about the recession understood the economy better, they'd be more apt to ask, "All right, the boom is over. How bad was the bust? How good is the economy now? What will it be like in the future?" These questions are easier to answer, and the answers are much more to the point. It's the difference between looking for someone to blame for what we may have lost, and remembering what we still have including many things we didn't have before and working for what we can still get. Regarding the recession, or the bust that ended the boom, I can say this much: it's no worse than the last two in 1948-49 and 1953-54, both of which were fast and mild. Most economists including myself consider such recessions as necessary periods of readjustment. Or, as one top-level Government official said recently, "No economy can run at full steam all the time. It has to stop periodically to get its breath." Now, I realize that this is no consolation to a man who has ost his job and has bills to pay and a famUy to feed But, lets face it, even the healthiest economy-or family-suffers some periods of illness. We can sympa- tillZP With tha affl;nnJ ix , , . . . .? . tv,. u . ""-'. uul " wouia Be talse to tell them that such sickness is entirely avoidable. It never has hPPn in n f ran n ... u ltvc cvuiiuiny. In spite of the millions who suffered, however, these last three recessions were only Summer colds affecting a few compared w.th the depression of the '30s, an epi demic which infected nearly everyone. And all three recessions while following somewhat similar patterns, explaTn" "S' maki"g eVe" more di"icuU Let's take a few examples. The manufacturing in K 7ltbly automobil. taking the worst beat- unT,V CUrrent Crisis' Farm income- meantime, is up about 12 percent 355 360 360 Hurt Us? 265 260 O 3 li o o qT in ZtAI Total National Spending How Government Hospital Stopped Athlete's Foot Itch! Relieves itching torture instantly destroys fungi on contort I At first sign of agonizing toe Itch, use amazing Ting Medicated Cream I Tests by government hos pital prove Ting brings relief three ways: (1) Instantly relieves itching and soothes sore, burning skin! (21 On CO-second contact, destroys fungi that cause Athlete's Pootl (3) Aids healing of cracked, peeling toes. Ting's "dry cream" formula dries quickly to an anti septic powder that clings... con tinuing relief for hours! Grease less, stainless. At all druggists. Only 79c. Money back if not satis fled. 1068 Pharma-Craft Corp. No Nagging Backache Means a Good Night's Sleep NnmrinK backache, headache, or muscu lar Hchug anil pains may come on With, overexertion, emotional uiisvls or day to day sirens am! Hi ruin. Ami folks who cut and drink unwisely aometimea suffer mild bladder IrriUitlon... with that rest k'HB, uncomfortable feelinR, If you are miserable ami worn out bo cause of these discomforts, Doan'a PUIb of ten help by their pain relieving action, by thi-ir Booth inn effect to eatte bladder Irri tation, and by their mild diuretic action through the kidneys tending to Increase the output of the li miles of kidney tubes. 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Stir over high heat until mixture comes to hard boil. Slir in 7 cups of sugar at once. Bring to full rolling boil, then boil hard 1 minute, stir ring constantly. This short boiling time means less juice boils away. So you get up to 50 higher yield and the flavor comes through fresher with Sure-Jell or Certo! Your choice! SURE-JELL powdered natural fruil pectin or UKIU liquid natural fruil pectin. Remove from heat, alternately stir and skim off foam for 5 min. Ladle quickly into glasses. Paraffin at once. Yield: 1 1 medium glasses, for mere penniesa glass ! And you're sure of perfect results, with either pow dered Sure-Jell or liquid Certo! (UM-jlU Peclincauus jelling. Amounts of pectin in fruits vary. No guessing with recipes you get with Sure-Jell or Certo. Product of Gnrol Foodt
