The Federal Program for Economic Security

W E ARE not discussing tonight, I assume we agree, a program intended to guarantee economic security. Such guarantees can hardly be in a world whose most consistent characteristic is its changeableness. The Federal program as a matter of fact is much more modest than its title: it consists principally of a series of recommendations for spreading certain losses that result from an insecure economic order. Although at various points it hopes to minimize their force, it does not pretend to remove the basic causes of insecurity. It provides a new method of paying insecurity costs

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