Word: aaas
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...Simons is a tough economist of the old liberal school who believes that price fixing and restriction are just as bad when practiced by big Government (as in the case of the AAA) as when practiced by big business. Last year he won fame among brother economists when he smashed and hacked away at the spending theories of New Deal Economist Alvin Hansen. In the present article he gives his own postwar program: Its points...
...Washington there was general agreement that Chester Davis was an excellent choice for the job. Son of an Iowa tenant farmer, he has been, successively, a farm laborer, farm owner, farm journal editor, state agricultural commissioner (Montana), farm lobbyist, and (from 1933 to 1936) head of the old AAA...
...Tuesday he announced that even wheat (of which there were 1,613 million bushels on hand last fall), is no longer superabundant, declared the sky the limit on wheat growing this year, removed all penalties from wheat grown in 1942 in excess of AAA quotas...
Edward Vivian Robertson, 61, Wyoming, liberal, Welsh-born owner of Cody's finest general store and livestock ranch. Suave, handsome E. V. Robertson, who once refused a $7,500 AAA soil-conservation check, is no machine politician; he has his own ideas about progressive government. He will also have one of the Senate's oddest hobbies: making ranch-building models out of matchsticks...
...demands. Typical was the month of July in which the army wanted three times the steel it was eventually forced to accept. Bitter haggling and excessive red tape has been the inevitable result. Moreover, delays and shortages have forced the adoption of an elaborate priorities system. Need for an AAA rating to supplement the AA rating which supplemented the original A-1 rating strikingly illustrates the inadequacy of the present situation...