Word: crediting
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Dates: during 1950-1950
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...come. ¶ The economy had expanded so rapidly since 1945 that the ratio of butter v. guns could be higher than during World War II-in fact, civilian production had to be higher to maintain full employment and keep the economy healthy. ¶ The so-called "indirect controls" on credit and construction have been effective in cutting back demand (see below...
While some people loudly cried for wage & price controls, the Senate-House watchdog defense committee last week lent itself to an all-out attempt to sabotage credit controls, the only existing brake the U.S. has had against inflation...
Help or Hurt? Next day FRB's Chairman Thomas B. McCabe read everyone a lesson on the theory and practice of credit controls. First off, said McCabe, Regulation W was doing just exactly what it was supposed to do: "It has limited the rise in prices in the durable goods field [and] has removed some of the pressure which would have hampered diversion of materials and manpower to the military effort." In the first few weeks of the Korean war, said McCabe, the average price of 1949 used cars in the popular-price lines rose from...
Both Britain and the United States can take credit for this new development. The British put on an unprecedented peacetime austerity program, jumped their exports enormously, rebuilt their war-shattered cities, and installed a giant socialization scheme in a short five years. America, meanwhile, insisted on devaluation, of the pound, which turned out to be just the stimulant needed to snap Britain out of the dollar doldrums...
...defenseman Jim Wykoff and forward Hal Marshall gave the Crimson its third goal. Wykoff shot from just inside the blue line, and since Marshall's stick deflected the shot, Marshall got credit for the goal and Wykoff, the assist...