Everything for Everybody?

"If we can continue to spread the benefits of a constantly increasing productivity in the U.S., we can go on to economic and cultural heights as far—and farther—above those of today as those of 1947 are beyond the imaginings of our great-grandfathers back in 1840."

These measured words last week introduced a highly optimistic and monumental (500,000-word) report on the U.S. economy (America's Needs and Resources) by the Twentieth Century Fund. Probably the most comprehensive ever made on the subject, the study was completed last week—when some optimism was sorely needed—after three...

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