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They, like the rest of a small but dedicated group of economists, believe that the gold standard is the only answer to the world's present monetary problems, such as inflation and a concentration of capital. They believe that a return to the rigid fiscal discipline of the gold standard would act as a brake on inflation by preventing governments from overspending, head off world recessions by doing away with the excesses that lead to them. A full gold standard, as they see it, would also put a damper on sudden expansions of credit not backed by gold, help...

Author: /time Magazine | Title: THE GOLD STANDARD: Should the U.S. Go Back to It? | 10/12/1959 | See Source »

Despite his outstanding performance as Lin's successor in Korea, hard-boiled Peng Teh-huai's rigid sense of discipline long ago got him into trouble with the commissars, notably China's No. 2 man, Liu Shao-chi, who raked him over the coals for reducing his junior officers to "ineffective yes men." Best guess as to the reason for Peng's ouster last week is that he has been too vocal in his resentment of Peking's decision late last year to put his army to work building dams, raising pigs and harvesting crops...

Author: /time Magazine | Title: RED CHINA: Fall Housecleaning | 9/28/1959 | See Source »

...stormy story of Josiah Quincy and his relation to Harvard is one of a man who staunchly believed in an outworn heritage and tried to impose it upon unwilling students. Two antagonistic forces provided the drama of his regime: the carefree attitude of students and the rigid demeanor of a president who sought to mold his undergraduates according to his strict canons of respectability...

Author: By Claude E. Welch jr., | Title: Josiah Quincy and His School for 'Gentlemen' | 9/21/1959 | See Source »

Such proceedings naturally grated against Quincy's rigid ethics. He felt that the only cure would be suitable discipline for the offending undergraduates--but his clamping down produced even greater disorder. Quincy became a martinet, the "Tiberius" of the College. "His policy toward the students, an alternate cuffing and caressing, ended in making him the most unpopular President in Harvard history since Hoar," wrote historian Samuel Eliot Morison. Quincy knew what was right--the Puritan code of upright moral behavior--and attempted to impose this upon the naturally unwilling student body...

Author: By Claude E. Welch jr., | Title: Josiah Quincy and His School for 'Gentlemen' | 9/21/1959 | See Source »

...rested for two millenia, forgotten from what book his ethical principles originally sprang, in Whose name meaning and purpose have overtly or covertly been found in life since time immemorial, and at Whose omnipotent behest good and evil were first thought to be distinguished and have been held in rigid antithesis ever since...

Author: By Friedrich Nietzsche, | Title: The Religion of Unbelief: Ethics Without God | 9/21/1959 | See Source »

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