Word: encroachment
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Dates: during 1940-1949
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...articles in this issue of FORTUNE is an essay on price fixing by Marriner S. Eccles. Says Eccles: "Instead of discouraging savings we need now to encourage them. Instead of encouraging consumer expenditures, we need to apply curbs on private spending whenever it threatens to encroach on defense needs or to distort prices. Instead of stimulating consumption by deficit financing, we need so far as we can to reduce the deficit and to approach a balanced budget. . . . Instead of a tax structure designed to encourage consumption, we need one that will recapture for the Government a large part...