Word: consumerization
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The Shmoo-Plus Theory. Old Man Mose was afraid that a sudden oversupply of consumer goods would produce serious economic dislocations. Typical was the plight of Softhearted John, the shark-mouthed grocer, whose goods no one would buy as long as they could have shmoos instead. "Ah'll be...
Moreover, the order contained a new provision that would intensify the shortage. Companies with military orders can henceforth be allocated steel to fill those orders even though they may already have enough steel on hand. The House Small Business Committee insisted on this provision, so that little companies would not...
No matter what they did, producers could not satisfy the increased demand for almost all types of steel. Even alloy steels, relatively plentiful a few months ago, are again scarce. With current allocations calling for 6.2 million tons (out of 66 million tons annual production) the pinch will become painful...
The bigger the crop, the bigger would be the Government subsidy. In the great harvest, some estimates were that the farm price support program would cost the taxpayer $1.5 billion. As for high prices, as far as anyone could see now, the consumer would have to go on paying them...
No Gain. But the Senate was looking for no intramural brawl. By a vote of 48 to 36 it accepted the McCarthy substitute, voted down the T-E-W bill by voice vote. Next day, while the House hurried the Senate housing bill to the White House, the Senate rejected...