Word: borrows
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Dates: during 1950-1959
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...must go on to assure ample credit at fair rates to the farmer who has to borrow money. We must protect REA co-ops by safeguarding and using the preference clause and by assuring them adequate funds for transmission, generation and distribution. We must conserve the greatest asset we have inherited-the soil . We must strengthen the agricultural conservation program and the Soil Conservation Service, restore the role of leadership to the conservation districts, restore the administration of agricultural programs to farmers, and take emergency measures when needed to prevent another dust bowl...
...afternoon my husband called me from the office and said there was a telegram from the Attorney General. It said something about 'Come down and have breakfast with me and then we'll see the President.' It was such a surprise that we even had to borrow a suitcase from a neighbor, so that we could get him off in time to make the train. The next afternoon he called and told me what the President told him about the appointment-but I've been so excited about it that what he said has gone...
...America is growing richer and the standard of living is skyrocketing. The private debt for 1954, unfortunately, soared to its highest point in history. The non-farm debt reached an all-time peak, and the farm debt exceeded any since the bleak days of 1932. Naturally, the more you borrow the more you can spend. Under this truism, the Government and the public borrowed and spent more than they ever had before...
...this be prosperity, it is lying upon far from solid foundations. It smacks of the old formula, Prosperity=Waste, Borrow, Produce, Spend, Waste. It is to be hoped that the President, in his campaign, will speak of "prosperity" in analytical and candid, rather than boastful, terms...
...mysteries. Basically, the Fed operates on three main fronts: ¶ One of the quickest and easiest ways of tightening credit is to hike the discount rate, the interest that the Federal Reserve charges member banks for short-term loans. This tends to raise commercial interest rates and discourage marginal borrowing. In the past 17 months the FRB has raised the discount rate six times, boosted it to the highest level (3%) since 1933 only last fortnight. (Conversely, by lowering the discount rate, as Martin did in the 1954 recession, the FRB makes it less expensive to borrow money...