Word: beyen
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Dates: during 1940-1949
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...amputation. Few European countries are likely to follow her example. The hardheaded Dutch next door will have none of it. Said one top Dutch moneyman: "The plan is psychologically dangerous; because you can't force people into virtue. It's technically too difficult to administer." Dr. Johan Beyen, Dutch delegate to Bretton Woods, said Holland plans an orthodox savings drive to sop up inflationary cash, stringent wage & price controls and a retroactive 100% excess-profits tax to grab wartime profits. But most of all Holland stresses what other Governments have ignored-heavy taxes, to bring its budget under...
Among the gentlemen present were Chiang Kai-shek's Finance Minister Dr. H. H. ("Daddy") Rung, Canada's Ilsley, Mexico's Suarez, Netherlands' Beyen, Russia's Stepanov, Iran's Ebtehaj. No one knew last week how they would line up; most of the preliminary skirmishing between the British and the Americans in the Battle of the Blueprints has taken place under cover. The first open blow was struck last spring by John Maynard Keynes, First Baron Tilton, with a proposal that in effect would give the British dominance in world currency arrangements. The second...