Word: current
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Dates: during 1950-1950
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Blaik's coaching philosophy is based on two principles; (1) that football is a Spartan game; (2) that hard work is the price of success. And Blaik's current collection of brawny linemen and meteoric backs is carrying, out these precepts admirably. Like all Blaik's teams, this one is well-coached, superbly conditioned, resourceful, fast, and versatile; it has the explosive power which traditionally characterized Army football teams, and the reserve strength to overcome any opponents merely by the process of attrition...
...unfair to say these august gentlemen are perennially mistaken. In 1948, for example, when 111 men reported to Henry Lamar for the first week of practice, he said, "This current squad is one of the best I've ever had." That included 16 years of local coaching and presumably, Mr. Lamar wasn't fooling...
Professor Galbraith, who in the last war was a deputy price administrator and who still keeps in close touch with Washington, favors strong indirect controls today, built around high taxation. Backing current Administration policy, he points out that high taxes can and should cover all the increased governmental spending, thus wiping out the inflationary effects of the war expenditures, And he feels profits will be high enough to encourage heavy production...
...personal saving. If instead the government sold bonds to individuals, be said, "the economy would be in a stronger position at the end of the contest with Russia." He added that a bond would need to carry a high interest rate so that it would be attractive during the current period of rising prices...
...indirect controls, although the consensus was that the government was moving in the right direction with its moderate anti-inflation measures. Several faculty men asked for stronger indirect control now, although Professor Harris thought "a heavy dose of taxation" would almost be enough by itself to eat up any current surplus of purchasing power. Harris added that the country could still continue welfare expenditures, but pointed out that too much "would be inflation...