Dr. Norman Young, President and Chariman of the Board of ITT Community Development Corporation, was one of four guests
discussing various aspects of economics and investments against a backdrop of spiraling inflation in America today. The other
guests included Harry Browne, prominent author of "You can Profit from a Monetary Crisis' and a vociferous advocate of gold
investment, Robert Lyler, President of the U. S. Bullion Corporation, a company that buys and sells silver, which Mr. Lyler
believes is a good investment as a hedge against the inflationary aspects of the American dollar, and Art Linkletter, well-
known television personality.
Dr. Young's position was one of strong faith in the long term economic health of America and in the value of the American
dollar. According to Dr. Young, 'there are multitudes of prophets of gloom and doom offering myriad alternatives as insurance
against all kinds of catastrophies. This pessimistic attitude is more likely to breed catastrophe than the fundamental economic
situation.'
The staunch confidence Dr. Young maintains in the future of America, stems from the fact that early in professional life
he developed an expertise in statistics and learned that they have a pecular characteristic....they're never level, never
always up , never always down. They fluctuate and so there will always be ups and downs associated with the valuation of the
dollar, of gold , of silver,. As far as the economy goes, there is absolutely no certainty of anything approaching the "funereal
predictions of so many doomsayers."
In another line of discussion, Dr. Young assayed the plight and decay of many major American cities. Cited as a root
cause, restrictive non-planning was contrasted with enlightened design inherent in the use of master plans. Dr. Young also
stressed the increasing awareness of the psychological effects of crowding and pollution, prevention of which are prime concerns
in the development of new communities.
According to Dr. Young, "though we can't have a Utopia at Palm Coast, we will give people enough room enought territory
to live, to work , to play , to grow and that will help ensure the health of the community and of America without the pollution
normally associated with the cities of the world."
Griffin, as well as the others on the panel, was very impressed with the amount of attention given to the details of
green spaces, open beaches, sports, and recreation areas, and housing design. The discussion of Palm Coast certainly advanced
the cause of enlightened planning in building new towns.
( We feel that this Show would be an excellent adjunct to the High School Contemporary Social Issues Classes/Local History
Classes, in a compare and contrast perspective; it would also be good, in our opinion, as a promo for Palm Coast. Consequently
we brought this National TV show to the School Board's and Councils' and even the parks & rec. attention; respectfully
requesting that a copy of this Show be acquired via Sony Entertainment. We do not know what, if anything, has
been done so we leave it with the Future Researchers to pursue this.)
