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The Coming Crisis, by Fritz Sternberg

- Abstract

It is obvious that a deep-grained mood of pessimism dominates the American people. According to the January Fortune poll, nearly 70 per cent of our people, during a wave of prosperity, expected a “widespread depression” within the coming decade; only 16 per cent thought such an event unlikely. We seem haunted by the Midas legend, with its unhappy denouement.

The prediction of a coming crisis is, then, no longer a novelty. The problem is to understand why crises arise and to see what steps can be taken to meet them.



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