Word: lauch
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Dates: during 1930-1939
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...whom the Reorganization Act allows him. When the news came out one astute reporter dashed over to the white marble palace of the Federal Reserve Board. He wanted to be the first to bring the good news to the President's new economic adviser. He was. Economist Lauchlin ("Lauch") Currie, a man whose economic ideas will henceforth be of No. 1 concern to U. S. business, thanked...
...Lauch Currie probably comes nearer to having a passion for anonymity than any other New Deal adviser. First evidence of Currie's growing technical weight in Washington came in the spring of 1938, when he wrote an influential memo on the Causes of the Recession. Its prime theses, now commonplace: 1) U. S. Social Security taxes took so much out of the public pocketbook that the Government's net contribution was reduced during the crucial March-September period in 1937 to a monthly average of $60,000,000 from $335,000,000 during 1936. 2) "Compensatory" Federal spending...