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...absolute safety from this stingaree, every buyer of goods for resale would have to maintain his own national inspection staff. Of course the Wage and Hour Administration intends to jab Section 15 only into suspected conspirators. Nevertheless, Section 15 may well become as famous...

Author: /time Magazine | Title: National Affairs: No Cats | 11/21/1938 | See Source »

...begin he points out what many economists have known for years, but in simpler language, that among the chief defects in our capitalist system which must be remedied if we are to escape abnormally long depression periods is the restriction of production to maintain price. It is of prime importance, he observes, that production be kept going in spite of decreasing returns. Otherwise the closing up of productive units is self-perpetuating, prolonging the depression period...

Author: NO WRITER ATTRIBUTED | Title: CRIMSON BOOKSHELF | 11/17/1938 | See Source »

...dominated by Al Smith's "I am for gold dollars as against baloney dollars!" Possibly Professor Rogers' most valuable discussion is that which deals with the national budget. Here he expounds the theory that a budget deficit is necessary and quite normal during a depression. Increased government spending to maintain consumer purchasing power should be carried on in a time of business contraction. Don't worry about balancing the budget until better times come, he advises, and then make the repayments to investors in government bonds. Rogers points out that what is needed in a budget policy is a long...

Author: NO WRITER ATTRIBUTED | Title: CRIMSON BOOKSHELF | 11/17/1938 | See Source »

...lawyer, Robert M. Codd Jr. of Buffalo, explained that the whole proceeding against him was illegal. Since 1893 New York has had a law which says: ". . . no person shall maintain an action on a contract against any Indian of the . . . Seneca Nation . . . and every person who prosecutes such an action shall be liable to treble costs to the party aggrieved...

Author: /time Magazine | Title: RACES: Seneca | 11/14/1938 | See Source »

...from this country being concerned, we have no wish to block Germany out of these countries or encircle her economically. True, we have certain trade interests there ourselves and we need to maintain those interests. In that respect, we shall have the good will of the countries themselves because although it is true that their international market will be found chiefly in Germany, nevertheless they can as a rule only obtain payment from Germany either in the form of goods, by barter arrangements or by blocked marks...

Author: /time Magazine | Title: GREAT BRITAIN: Business of Government | 11/14/1938 | See Source »

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