The Coming Crisis, by Fritz Sternberg
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.
About the Author