Word: bond
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Dates: during 1940-1949
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...correct, and it is important to realize, that borrowing from the banks is inflationary, that if we are to avoid inflation or serious trouble with price control we must obtain the funds for financing the war either from the proceeds of taxation or from the sale of bonds to income receivers who reduce their consumption to the extent of their bond purchases...
...borrow from the member banks, and if the Board of Governors progressively reduces the required reserve ratios in order that the banks may be able to make the necessary bond purchases, we shall face two difficulties after peace has returned. In the first place, the banks will have immense holdings of Government bonds, and the price of these bonds is likely to fall when the Treasury abandons its mistaken view that interest rates should be held down for Government borrowing; that is, as soon as the Treasury no longer finds it necessary to borrow. We shall then be confronted with...
...Sales of bonds directly to the Reserve banks would increase the reserves of the member banks, and thus conditions would be created in which it would be possible to raise, rather than lower, required reserve ratios. If this procedure were followed, therefore, we would find ourselves in a much stronger position to avoid trouble after the close of the war. The member banks would not have so large a volume of Government bonds which would cause them trouble if and when bond prices began to decline; and their reserve ratios would be higher, thus reducing greatly the amplitude of fluctuations...
...sunshine warmed the Mayor's crusade last week. When he heard that the Parent-Teacher Association of Public Schoo! 99 was conducting a raffle for a $25 war bond, he quickly stopped it. The Parent-Teacher Association was loth to move to New Jersey or get a court order, so his ruling stuck...
Things began to perk up. Boddy exposed a scandalous misuse of public funds on the projected San Gabriel Dam. He tore into a malodorous municipal bond issue. The reputation of the News for fair dealing grew until in February 1929 it showed its first profit...