46 Ira Ryjier 



So far in our study we have observed that whatever be the 

 original impulse, capitalists do go to extremes, and furthermore 

 that no way has yet been discovered of measuring how far a cer- 

 tain environmental change should be allowed to go, or, if that 

 could be determined, how to check it. Experience seeins to prove 

 that we advance by leaps followed by rests. We allow our rail- 

 way mileage to fall below the actual needs of the times and then 

 advance it far beyond. We seem to experiment upon the amount 

 of change needed, — overestimate it perhaps, when a readjustment 

 follows in which the excess is rejected. Then we resume a nor- 

 mal state to begin another series of experiments ending in a new 

 readjustment. 



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