Word: galbraithe
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...John K. Galbraith, professor of Economics, fro studies of the interplay of economics and politics in American life; Carl Kaysen, assistant professor of Economics, for studies of British policy and experience in industrial organization; Harold P. Levene, lecture on Applied Science, for studies on wave propagation; Francis P. Magoun, Jr. '16, professor of English, for studies in the technique of Finnish oral poetry...
...recent attempt of the Federal Reserve Board to reduce excessive speculation by a ten percent increase in margin rates from 60 to 70 per cent was hailed as a "step in the right direction" by John Kenneth Galbraith, professor of Economics. Margin is the amount of cash an investor must have to buy a share of stock...
...testimony before the Senate Finance and Banking Committee last month, Galbraith said that, if the present unstable conditions failed to change, all stock exchanges should be put on a cash basis by raising margins to 100 per cent. "If speculation continues," he said yesterday, "I would certainly want an even further increase in margin rates...
...There is no question as to the Senator's actions, and I suggest that the Committee include these pages in the record as a permanent souvenir for connoisseurs of this dubious practice," he said. Appended to the statement was the section of the Galbraith pamphlet "Beyond the Marshall Plan" on which the Indiana senator based his accusations...
...Galbraith reaffirmed that the implications were false and said that he had been generally defended against them. "False charges rarely do lasting damages," he said...