Word: consumerization
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For the present, there would be no rationing. "We feel that there is a great sufficiency of consumer foods," said DiSalle, "and we don't anticipate the need of rationing any time in the near future, possibly not at all." But the OPS would have to be ready to...
The root of inflation, Eccles and Sproul agreed, is the vast increase in credit money which has bid up the prices of goods. Although FRB had restricted consumer credit, Eccles said that FRB's powers to control overall credit are "much more limited than is generally believed." The reason...
The $7.4 billion in FHA and VA guaranteed loans made it possible for a veteran to buy an $8,000 house for as little as $56 a month with no down payment. Consumer credit soared above $20 billion, up about $2 billion in a year. Warned gaunt, grey Economist Edwin...
I asked Mosa Pijade, the tiny, hunched intellectual who presides over the party's long-range thinking about this chronic indirection and indecision. He began with the standard visionary explanation: "Now you see only the difficulties and restrictions. We have no results yet, but we make big things, hydroelectric...
In an article yesterday in the New York Times, Sumner H. Slichter, Lamont University Professor, outlined four ways to curb inflation and at the same time reduce consequent inequalities. They are: 1) cost-of-living wage adjustments under social security; 2) corresponding pension adjustments under social security; 3) rent control...