GREAT BOOM PENDING
AMERICAN PREDICTION WASHINGTON, (Rec. 9.40 p.m.) Sept. 5. Dr Emerson Schmidt, director of the Economic Research Department of the American Chamber of Commerce, told the Senate Finance Committee which is hearing evidence on the Full Employment Bill that American business and individuals last December owned 194,000,000,000 dollars of liquid assets, compared with 66,000,000,000 dollars in 1939. As a result of this, and the long pent-up demand for consumer goods, he could not help but conclude that a great boom was pending which would last several years. Accordingly, the debt-ridden Federal Government should not be saddled with a new liability largely for the sake of adding a few weeks of benefit payments and increasing payments to 25 dollars a week for displaced war workers, who are already receiving, by previous standards, rather liberal allowances.
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Otago Daily Times, Issue 25941, 6 September 1945, Page 5
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136GREAT BOOM PENDING Otago Daily Times, Issue 25941, 6 September 1945, Page 5
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