Word: crediteer
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Dates: during 1930-1939
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Withal possibly the most pregnant phrase since Vol. 1, No. 1. "Goldplated Anarchy!" To whom is credit due for this brilliant...
...splendid buildings, gymnasium, swimming pools, and manual training shop of city and even rural schools. The present crisis in education, they say, is the direct result of lavish expenditure in better times, when boards of educations piled up huge bonded indebtedness. Now, with no money and less credit, the educators are paying for the sins of their predecessors...
...experiment appears to lack a cohesive and easily grasped theme. This is possibly due to the fact that the motif of his reforms is monetary. This subject is little understood even by bankers, whose professional decisions concerning the size of their loans and investments themselves affect the volume of credit currency outstanding and with it raise the price level. On the surface, to an observer who sees from day to day only the disjointed and apparently unpredictable actions of the Administration, the whole experiment is apt to appear as the muddled meddling of a happy-go-lucky opportunist whose disturbing...
...conservative, but which is secuntoured to dancing to the super-conservative time of the late Jim Rolph. But in the present state of business psychology, rumor is as powerful as accomplished fact in raising the already high blood pressure of the financial world. If conservative experts predict that the credit of the United States will be rendered hazardous by the comparatively mild radicalism of Rooseveltianism, it is certain that the startling program planned by Mr. Sinclair in California will absolutely jettison the credit of that State, which has heretofore escaped the ravages of the depression to a remarkable degree...
...order to promote trade and commerce in the public interest, further improve railroad service, and maintain the integrity and credit of the industry, rail-road companies of the U. S. do hereby establish an authoritative national organization which shall be adequately qualified and empowered in every lawful way to accomplish these ends where concert of policy and action are required...