Word: rollinger
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Dates: during 1930-1939
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Scottish David Kirkwood, M. P. for Dumbarton Burghs on the ship-building Clyde, depends for Parliamentary repartee largely on two phrases: "Put that in your pipe and smoke it" (when he has made a killing shot); and "I don't give a damn" (when he has been worsted). Once...
"Economy is a beautiful word. Visions of thrifty Uncle Abner, rolling balls of waste string. Economy, however, means a loss to somebody else-loss of sales or wages. Keep economy and loss firmly associated.
Many a Wall Street broker visualizes himself as a modern Sisyphus in a special kind of New Deal Hell: endlessly rolling a Business boulder up a WPA hill built too steep by Federal spending, sown too thickly with SEC hazards, watered so heavily with Federal supervision that the boulder continually...
But until railroads have money to invest they refuse to make money either for themselves or Baldwin by borrowing to buy new equipment. Should the New Deal, however, decide to fight Recession II by priming heavy industry instead of consumer purchasing power, it is likely to choose railroad equipment (either...
There are two fundamentally different kinds of businessmen. One kind meets trade recessions by keeping his prices high, letting his goods gather dust on the shelves, laying off his employes, arid concentrating his efforts on hoping business will come back. The other takes the risk of cutting his prices, and...