STATE OF BUSINESS: Needed: A Program

Inland Steel's President Clarence Randall rose before his stockholders in Chicago and raised a question which has been bothering many a businessman about the U.S. rearmament program. "Is what we are doing well conceived and well executed?" asked Randall. "Or are we going about it hit or miss?"

In Washington last week, the evidence was plain: the greatest country in the world is still going about it hit or miss. The confusion is so great that even Washington's own planners are worried. Bewildering, often contradictory directives pour out, without relation to each other or their combined impact on the economy. There...

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