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rather than a particular date. Lubin said, “No, on the contrary, it's likely to be better. Things are always a little livelier in the summertime. The suffering is always less in summer than it is in winter. There's more opportunity to move around. People always spend a little more money in the summertime. There's a movement of activity. What's more, whether the NRA is a total economic success or not, (Lubin was always willing to admit that it might not be a total economic success, that is might not completely revive industry) it is having at least a temporary and slight effect upon our industrial life. There is more employment. There is more production. There is more consumption. It isn't enormously more, but it's more likely to grow than it is to decline. Even if it's only a little bit, all of that holds off or prevents the more serious economic disasters.”

Of course, the hazard throughout all this was that some of the great industries wouldn't be able to keep going, that their capital reserves weren't sufficient to keep them going, as they had depleted them in many cases. Anyhow, that was that. Nobody else ever said anything about it.

In one way that indicates, I think, why I, and perhaps others too - I don't know who else he told that to - didn't altogether take Berle seriously when after the war