The patient was the whole U.S., and diagnosing its state of health was something like standing in shallow water and trying to feel a whale's pulse. There was room for all, and last week doctors were crowding alongside by the scores, prodding with their stethoscopes, waving hastily scribbled prescription blanks, and bitterly berating each other as quacks, bunion choppers, herb cooks and barbers.
All were agreed that the patient had some symptoms; a light rash of unemployment and a certain falling of the price structure had been in evidence for six weeks. But what did these signs portend? Alarmists detected...
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