What Goes On Here?

Indeed indeed.

Can you see.

The stars.

And regularly the precious treasure.

What do we love without measure.

We know. . . .

Hail to the nation.

Do you think we believe it.

It is that or bust.

We cannot bust.

Thank you.

Thank you so much.

—A Patriotic Leading by Gertrude Stein.

The chorus of U.S. business leaders last week sounded rather like these Gertrude Steinfuls. They flitted portentously around a subject of great import—a national bust. But they too never got down to brass tacks.

Said Commerce Secretary W. Averell Harriman: "I feel strongly that fears [of a depression] are based on unreasoning defeatism [although] naturally there must be periods of...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!