Thoughts For The Times
The Swing or Business This (United States) slump in business conditions has demontrated again that the great movements in the business world which make good times or bad times are spontaneous and beyond control. They are duo to mass action j and mass psychology. The business of I the country depends upon the purchase and policies of tens of millions of indiI viduals, and when they become generally possessed of a spirit of confidence, and go ahead with their planning and ' spending under its influence, we have a . period of prosperity. The difference ' between free spending and careful ocon- • limy in- all the people of this country ■ means a vast difference in the volume | of trade and the level of prices. i —mil 111 I I
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Hokitika Guardian, 16 March 1921, Page 2
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130Thoughts For The Times Hokitika Guardian, 16 March 1921, Page 2
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