Word: argument
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Dates: during 1950-1959
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Democrats, and some Republicans too, have charged Anderson with overstressing sound money at the expense of economic growth. A little inflation, the argument runs, is a cheap price to pay for rapid growth. But as Anderson sees it, price stability is the friend of economic growth, not its enemy. What counts, he holds, is "sustainable growth" (a favorite Anderson phrase), which requires capital investment out of savings. "A high rate of saving," he argues, "is indispensable in achieving a high rate of economic growth." And since inflation is the enemy of thrift, it is in the long run the enemy...
Irritating as De Gaulle's lordly disregard of alliance by committee might be, his partners were in no position to make the familiar argument from fear. The idea that everyone must rush to the summit lest Nikita Khrushchev grow impatient and the "momentum" of East-West efforts for peace be lost was less forceful when Khrushchev himself seems to be in no hurry for a summit. The French offered him two dates for his pre-summit visit to Paris-Feb. 20 or mid-March. Khrushchev chose the later date, blandly explaining from wintry Moscow that the weather in Paris...
...younger brother, Genaro, who, on the strength of his name, was running right behind Liberal Marcos. Although the defeat of handpicked Candidate Pajo suggested that a good many Filipinos had had their fill of Carlos Garcia, the Nacionalista Party as a whole had apparently profited from one cynical popular argument: "The mosquitoes inside the mosquito net have grown fat sucking your blood, and maybe they'll be satisfied. Why let in fresh, hungry ones...
...Russian scientists. In their laboratories their minds are free, and if they are in an officially favored science, they are almost as free to follow their favorite projects as U.S. scientists are. Said Physicist Robert Erode of the University of California at Berkeley: "People can compartmentalize their minds. The argument that there can be no creative science in a restricted society has not held water." Most U.S. visitors agree that Russian scientists are less restricted by political ideology than by the rigid hierarchies of the institutes where they work (which are outgrowths of ideology). "The director is boss," said...
Productivity. The Government has long shied from making any calculations as to the productivity of labor lest it get tangled in the argument between labor and management as to whether the gain was due to harder work or more capital and machines. C.E.D., venturing in, divided the real G.N.P. by the total production force, computed a 1929-57 productivity trend line showing an average 1.6% rise. The difference between a 1.3% labor-force rise and a 1.6% productivity rise, said C.E.D., produced "well over half of the growth in production in recent decades." In 1959 output...