News

Harvard Law School Makes Online Zero-L Course Free for All U.S. Law Schools Due to Coronavirus

News

For Kennedy School Fellows, Epstein-Linked Donors Present a Moral Dilemma

News

Tenants Grapple with High Rents and Local Turnover at Asana-Owned Properties

News

In April, Theft Surged as Cambridge Residents Stayed at Home

News

The History of Harvard's Commencement, Explained

Professor Slichter Sees No Early End of Cold War and High Taxes

NO WRITER ATTRIBUTED

Sumner H. Slichter, Lamont University Professor, told the National Confectioners' Association Wednesday that he expects the cold war and high taxation to continue for the next few years.

Speaking at the association's annual convention in New York, he added that despite this, present prospects should give rise, to "considerable reassurance."

Industry's capacity to expand production, he said, is growing more rapidly than ever before, due chiefly to scientific and technological contributions. Further more "the economy is not becoming tradition-bound," he said. "It is not losing its capacity to develop new products or new processes."

Government intervention into economic affairs will continue to grow, Slichter predicted, and while much of it represents merely "the efforts of politicians to buy votes," he declared, much of its meets real needs and strengthens the economy.

"Certainly the country is better off with some control of credit than without it, and the authority to control credit should be broadened and strengthened," he said.

Want to keep up with breaking news? Subscribe to our email newsletter.

Tags