Word: nra
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...equally old-fashioned to oppose giving Mr. Roosevelt by the tariff-making authority the power of life and death over the part of American business and industry which has been dependent on a protective tariff. After all, hasn't the NRA the power of life and death in fixing the wages and hence the selling costs of American business and industry in domestic trade? Once the principle of a "planned economy" is conceded, the right to negotiate tariff agreements with other nations and to say what particular businesses must either become more efficient or pursue some other line of industrial...
Calling attention to the fact that certain NRA codes tend to stifle technological advance, that only ? of 1% of the Federal budget is earmarked for Science, Dr. Compton predicted that any check on U. S. research would result in calamitous competition from foreign countries not so "short-sighted...
...NRA tasks have cost President Roosevelt and General Johnson more time and trouble than the newspaper code. It all began last July when the Publishers' Association grumbled that the Press was not an industry, adaptable to codification. Haggles developed over three points: 1) the publishers, fearful of being "licensed" into silence and out of business, wanted a written-promise on Freedom of the Press; 2) they wanted newshawks and editors getting $35 per week or more exempted from maximum hours as "professional men"; 3) they wanted to continue using newsboys. Finally last fortnight the President signed a newspaper code...
...speaker went on to say that two interesting economic schemes had been developed during the depression. One of these is our own NRA, while the other has appeared in Australia. The first plan is politically feasible for use in this country, it is economically unsound; and that although the second plan is economically sound, it is perhaps not practical in politics. Having stated that relatively little could be done to alleviate the economic distress in this country by the use of such plans as mentioned, Dr. Mason at the same time expressed the belief that we were emerging from...
...Mason concluded that while the NRA has two great disadvantages. It is difficult to say when output is adjusted to demand, and if the codes are to be enforced a much greater governmental bureaucracy would be required. The Australian plan attempts, by governmental action, to lower costs during a depression and to raise costs in time of prosperity. This scheme has been successful in Australia, but may not be suited to application...