The Age of Magic Money
Can Endless Spending Prevent Economic Calamity?
OUR aim in this war is the complete material and psychological defeat of our enemies. We have rejected the idea of an armistice or negotiated peace and have pledged ourselves not to accept either at any stage or in any guise. When we have beaten Germany, Japan, Italy and their satellites, together or seriatim, into unconditional surrender, and while we are making sure that our accomplishment cannot be evaded or undone, we shall not recognize any limitations on our action except those imposed by our own consciences or any commitments except those which have been arrived at openly among the United Nations.
The outlines of the postwar world which we and our allies have already sketched constitute a pledge to and among ourselves alone. We may bungle the attempt to turn it into living reality. If so, we shall again suffer the lamentable consequences of our failure. But this time