Word: creationism
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...which will be directly or indirectly spent by the government and put into active circulation through public works, relief, or the R. F. C. And the process of issuing bonds is more than a gathering together of idle deposits in the hands of timid investors. It is the creation of new bank deposits backed by the bonds themselves; bank-deposits which are exactly as effective for government expenditure as an issue of flat money...
...Federal Reserve Banks can make or break this process of deposit creation by buying or selling government bonds themselves in the open market. For if they sell bonds, the cash positions of member banks are weakened, and these member banks become correspondingly less willing to lend money, to create deposits against government bonds or anything else. And the depression in the bond market, which results is what people mean by a destruction of government credit...
...because the Federal Reserve System thus holds in the palm of its hand the whole program of government deposit creation that official or unofficial Administration control is imminent. For the banking system, by virtue of the innumerable camouflages which it affords for direct "flat" purchasing power expansion, has been chosen by the government as its printing press, and it is unlikely that the government will idly watch Nine Men throw monkey wrenches into the equipment...
...Last week Kentucky became the sixth State whose unemployment relief had to be taken over entirely by the Federal Government.* Simultaneously, President Roosevelt announced the creation of a Civil Works Administration under the supervision of Relief Administrator Harry L. Hopkins. CWA will take $400,000,000 from the Public Works fund, $150,000.000 from the Relief Administration, release 2,000,000 men from local and State relief rolls at once, put 2,000,000 other unemployed to work by Dec. 15. CWA workers will be employed on small local projects (playgrounds, sanitation, pest control, repairs), will work...
...countries except Russia the mainspring of employment is profit. Keep profits in sight and you go on. . . . Production in the United States has now fallen off, especially in the construction field. Some industries are showing no signs of improvement and there is a definite failure in the creation of public employment...