Thawing Our Frozen Assets

In modern accounting we are taught that frozen assets are those assets which, although they may be valuable, are not available for immediate use. In the present world-wide economic problem we hear much of frozen assets. We are told that banks have vast sums of money which cannot be released for present use; that producers have large amounts of grain, cotton, wool, fruits, and so forth, which they cannot dispose of. On every side we hear of valuable assets that are necessary for mankind's use, and for the circulation of supply, being "frozen"—not usable at the present time.

On the other hand, we see men and women without employment, and without the necessary food and clothing for their daily needs. They have the ability, willingness, and desire to work, but for some reason these valuable mental assets seem to be "frozen."

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The Author of Man
May 21, 1932
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