Word: cent
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Dates: during 1930-1939
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Ninth, the delegation recommended that gold reserves in ratio to notes issued should be materially reduced and thus large amounts of gold locked up in central banks would be released to be used as a basis of credit and currency expansion. Either 25 or 20 per cent minimum reserves were considered desirable but the suggestion that no minimum be established was rejected...
...declared that the effect of American devaluation as much as 50 per cent would be much more disturbing than the action of France since it would not have the same result as in the latter country, on account of the price levels which are existent at present. He asserted that the direct effect domestically would be pretty small. "You and I do not have more money in our pockets," he asserted. "Our bank balances are not increased. The only considerable increase in purchasing power will be that accruing to the government because of that...
...columns commented thus: "Good slang is 'sock on the jaw' and poor slang is 'economic Neanderthals' both from the collection of General Hugh Johnson. The first is as near to the soil as corned beef & cabbage; the second is recherché. Ninety-nine per cent of the accredited slang inventions are recherche...
...usually from the poorer classes and being continually oppressed by the rich from childhood, he eventually commits some act against them that brings him before the courts. Once sent to the penitentiary there is little hope for him. No man that goes in comes out improved and ninety per cent of them are recommitted...
...Number one Brain Trustee assumes that the whole program must some day be payed for through taxation, as the War is still being paid for. But by a little cooperation with the Federal Reserve Banks, the Treasury can finance at least part of the program without its costing a cent. The method is equivalent in effect to the issue of flat money but entails none of the disadvantages, real or fancied, of greenback inflation. It involves nothing more sensational than the sale of bonds to the Reserve Banks. The Treasury will have to pay interest on these bonds? Quite...