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As the hew year begins, :ne
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thought ,thpl lipgera in
our
minds is this : & ‘this high speed ecortiomjJ ot burs; Chahgd
and rapd change, has become the order of the day. .How /little can we project into the future on the basis of what / has. been, ■ . •- • • :
Hand in hand with sputniks ahd moonshots and space stations gbes Supreme Court thht throws stare decisis out -the ywindow., Without a‘statute'changing, the law of the -land changes. In business, only last summer steel production dipped to 45% of capatity, unemployment was rampant, and we were in the slough of a recession. A short six months later; Miss Sylvia Porter, along with a host of market anlyste, reassures us that good times are ahead for all of 1969! Even the cattle market, formerly a staid creature moving in at least three year cycles, new fluctuates like a pendulum on Big Ben. Last year it took a sleek fat' 1200.poand cow to bring $125.00. This year an uncertain heifer weighing 650 pounds can command $136.00. ' ^ It’s fine while it’s going up. But how long will it stay. We can project into the future ntelligently only so /long;as we can dig into the experiences of the past for guidance. Remove the value of past experiences from planning, and planning becomes not partiully, but entirely a gamble. We neerachange, but not fdr itsrown sake, nor to the exclusion of stare decisis. - / > , __ v ; / B.C.B. Jr.
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