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Updated: May 10, 2025
But we have also faced world commodity shortages, natural disasters, agricultural shortages and major challenges to world peace and security. Our ability to deal with these shocks has been impaired because of a decrease in the growth of productivity and the persistence of underlying inflationary forces built up over the past 15 years.
The sudden turn of the tide came with the order that broke up the supply camp, required him to turn over his funds and stores to the quartermaster at Camp Cooke, and report for duty in person at that post. Then came the expected discovery of grievous shortages in both funds and property, the order for the arrest of the delinquent officer and his trial by court-martial.
"I thought that you and M'Crawney were rather in the position of business partners than trade rivals," Jervis said, as, passing the last bend of the river, he swung the boat along the stretch of straight water to the store. "In a sense we are partners; that is, we agree to work together, and to supply each other's shortages in stores so far as we can. But the rivalry is there all the same.
We have now passed through several periods of peak traffic without the car shortages which so frequently in the past have brought havoc to our agriculture and industries. The condition of many of our great freight terminals is still one of difficulty and results in imposing, large costs on the public for inward-bound freight, and on the railways for outward-bound freight.
We and other donor countries have begun to assist poor countries develop long-term strategies to improve their food production. The World Bank will invest up to $4 billion in the next few years in improving the grain storage and food-handling capacity of countries prone to food shortages. Good progress has been made since the Tokyo Economic Summit called for increased effort on this front.
The extent to which this unemployment will persist depends largely on the speed of industrial expansion and the effectiveness of the policies of the Federal Government. Along with extraordinary demand there are still at this time many critical shortages resulting from the war.
We have seen how Russia is suffering from a lack of things and from a lack of labor, how these two shortages react on each other, and how nothing but a vast improvement in transport can again set in motion what was one of the great food-producing machines of the world.
My proposals, as all of you know, would reduce domestic natural gas shortages; allow production from Federal petroleum reserves; stimulate effective conservation, including revitalization of our railroads and the expansion of our urban transportation systems; develop more and cleaner energy from our vast coal resources; expedite clean and safe nuclear power production; create a new national energy independence authority to stimulate vital energy investment; and accelerate development of technology to capture energy from the Sun and the Earth for this and future generations.
But if intellectual property goods are so abundant and cost-free why were distributors of intellectual property so valued, not least by investors in the stock exchange? Was it gullibility or ignorance of basic economic rules? Not so. Even "new economists" admitted to temporary shortages and "bottlenecks" on the way to their utopian paradise of cost-free abundance.
They include a perfecting of our farm program to protect farmers' income and consumers' purchasing power from alternate risks of crop gluts and crop shortages. They include wholehearted acceptance of new standards of honesty in our financial markets. They include reconcilement of enormous, antagonistic interests some of them long in litigation in the railroad and general transportation field.
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