Word: profitable
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...best plan for a student to follow, in order to profit by the educational opportunities offered by both Yale and Harvard, is to take his undergraduate work at one and his graduate at the other," said William Lyon Phelps, Lampson Professor emeritus of English at Yale University and eminent writer and lecturer, in an interview with the CRIMSON recently...
...administration wants to accelerate the stabilization process and peg the dollar at the earliest possible moment. Just as soon as Congress gives the necessary authority to the President to confiscate the gold profit, then a devaluation policy may some day be suddenly announced. It probably will come within the next three months
Until the question of gold profit is settled, obviously there can be no devaluation or stabilization. And until the investors know exactly what kind of dollars are to be issued by the government in payment of government short term certificates and long term bonds, there will be a hesitancy to invest...
...reward if the dollar is devalued. The best argument that the outraged sound money men seem able to muster is the moral one that no government should appropriate something for nothing in this cavalier fashion. Whereas Senator Thomas and the rest fight for devaluation and confiscation of the gold profit as if the four billion dollars were essential to the financing of the recovery program...
...interesting thing is that none of the combatants seem to realize that the reaping of a gold profit from devaluation is not the only means of pulling virtually out of thin air, the means of financing the recovery program. Even the Number one Brain Trustee assumes that the whole program must some day be payed for through taxation, as the War is still being paid for. But by a little cooperation with the Federal Reserve Banks, the Treasury can finance at least part of the program without its costing a cent. The method is equivalent in effect to the issue...