Word: consumerized
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> The rollback victims unanimously contended that OPA's plans were both stupid and ruinous. Samples: the National Coffee Association pointed out that a 3?-a-lb. reduction in coffee prices would save the consumer a neat 36? in a whole year, while costing taxpayers $30,000,000 a year...
Phony Policy. As Pundit Walter Lippmann pointed out last week, for two years the Administration has pursued a phony price policy because it seemed easier. When huge economic incentives are being paid-as they have to be-to make war production vast, a rigid ceiling on civilian goods prices is...
The primary requisite is that money remain relatively stable over long periods of time, periods long enough to work out the international capital investments that world economy needs much more than it needs an international exchange of consumer goods. Given these conditions for investment, every Hottentot can have a skinful...
One of these attitudes concerns tariffs. It will probably not be essential for the U.S. to embrace free trade, but economic man in the U.S. must take a firm resolve not to allow unemployment or threat of unemployment to panic him into raising old tariffs or adding new ones. He...
Trade. That huge cash-in-the-hand figure came despite an unprecedented flow of cash into consumer goods: department-store sales jumped again last week, were up 16% over last year. But the most ominous statistic for civilians was a decrease: in April, for the third consecutive month, department-store...