Word: creditably
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Dates: during 1950-1959
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...Inflation. When Humphrey had finished, Federal Reserve Board Chairman William McChesney Martin Jr. took the stand, and without even noting that Prosperity was beautiful, grimly defended the Administration's "tight money" policy as an indispensable weapon against inflation. With the economy booming, he explained again, demand for credit tends to outrun supply, so interest rates push upward. For the Government to try to hold the rates down would be to follow "the road to inflation." The oft-raised claim that tight money presses unfairly on small business and local government is "debatable," Martin argued. Furthermore, frustrated borrowers "would suffer...
...population. King's desk is in a cramped, yellow-walled rear room, where he spends long hours conferring with M.I.A. committees, now expanded to include Registration and Voting (to educate Negroes and get out their vote as a political force in the community), Banking (to set up a credit union and consider a savings-and-loan association to provide capital for Negro housing and business) and Relief...
...University, could not, of course, offer academic credit for these courses as do many other universities in the country. However, formal classes could be offered in various carry-over sports, as is done at Princeton and Dartmouth. Such classes would give students wishing to learn these sports an opportunity they may never have again. It would also provide an enjoyable way in which to better the often deplorable physical condition of the undergraduate...
...growth of inflation, despite tight credit and high taxes, indicates the need for a general examination of America's economic health. President Eisenhower has expressed concern about soaring prices, which have brought complaints from pension-holders and others on fixed incomes. Many economists think that inflation has reached the acute stage, beyond which lie the hardships of a depression or the inequities accompanying devalued currency. Although there are some optimistic voices, anticipation of a general pocketbook squeeze calls for inquiry...
...Representative Patman of Texas, whose animosity toward the Federal Reserve Board might well turn the investigation into an attack on that agency. The committee would be all too likely to operate as a partisan inquisition, its Democrats seizing the chance to discredit the Administration. While Congress should question "the credit squeeze," which seems to have hurt small business and housing while failing to halt inflation, knowledge of the whole problem must precede a workable alternative...