Word: crediteer
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Dates: during 1930-1939
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...billion dollars in itself can be handled by the United States, the wage in which it has been constructed give serious cause for alarm. The devaluation of the dollar, the flotation of large bond issues, and the government's appropriation of the gold reserve all tend to undermine credit. With this money the government has often spent five dollars to give one dollar of relief. Evidently the four dollar discrepancy ensures a vote for the new deal. Such haphazard spending will not bring about a utopia where everyone is satisfied; it will land us on the rocks of chaos...
...must not play the part of a generous uncle who gives his nephew a toy every time he asks for one. There must be method in his policies which will offer industry and agriculture constructive aid. In short, confidence must be restored by making sure that the government's credit will be used only where it assists, not hinders...
Beliefs: Thinks Stuart Chase is "our outstanding economist." Says that "private bankers control credit on the basis of what's in it for me. Let us give back to the Federal government where the Constitution placed it, the control of currency and credit." Mr. Goodwin places all his eggs in the Townsend Plan basket. This plan provides for a monthly pension of $200 to all men over SIXTY with the proviso that the recipients must spend it all within the month. The money is to be raised through a sales tax, but when the committee questioned him on the details...
...have brought such questions into the limelight is greatly to the credit of Mr. Chase. It is valuable and refreshing to hear such frank criticism of the University, which possesses so many elements of truth. Cortainly, Mr. Conant and his advisors will do well to consider them carefully...
...news every day. News on the Air, For a time Radio helped itself to the columns of newspapers. When the Press protested such flagrant thieving, an arrangement was made whereby Radio was supplied with reports from Associated Press, United Press and International News Service, to be broadcast with full credit. The front remained reasonably quiet until election night...