Word: consumerized
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>In Milwaukee, Fobes Ormsby Henderveld de Kaul-a cow called Mooie for short-received an allotment of one pound of sugar a day under the "Illness of Consumer" clause, because her owner, Farmer Harry Goebel, had a veterinary's certificate prescribing one pound of brown sugar daily, the only...
When he first wet-blanketed installment sales last summer (TIME, Aug. 25), FRB Chairman Marriner Eccles warned that there would be "further dampening." Last week Mr. Eccles got out his wet blanket again and dropped it on the U.S. consumer. But, like most of Washington's anti-inflation gestures...
Until his cash, not his credit, is taken out of the consumer's pocket, inflation will not be controlled.
Having had a week to digest it, the U.S. knew what was wrong with the new overall price ceiling (TIME, May 4). It would not work unless it were reinforced by the rest of the President's seven point anti-inflation program, especially farm price control, wage control, and...
Solution of a war inflation by severe taxation of the low-income groups would be a grave error. To begin with, it would tend to place an unfair proportion of the burden on this group, and furthermore it would prevent the building up of that large reservoir of purchasing power...