Word: crediters
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Dates: during 1950-1959
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Jones has no hesitation in claiming for Freud a major contribution to psychiatry by bringing the neuroses out of the limbo of "imaginary" complaints and into treatment, and by laying the foundation for the recent development of psychosomatic medicine. Also to Freud's credit he lays much of the greater tolerance now shown by laymen toward severe mental illness and more humane ways of treating it. In psychology itself, Jones holds, Freud's investigative method compares in importance with the discovery of the microscope-"in both cases a hitherto invisible world was revealed...
...year ended June 30, against previous official predictions of $350 million. Even at the risk of unemployment from the tightening of money by the Bank of England fortnight ago, said Thorneycroft, Britain will defend the proud pound. To add to her resources, she will draw down a $500 million credit from the U.S. Export-Import Bank, can also call on her $738.5 million stand-by credit from the Monetary Fund...
...reply, President Black reaffirmed the bank's policy that loans must be related to "the real credit worthiness of the borrowing countries," that loans will be granted only for "specific projects soundly conceived," and that each country and loan will be treated "on its individual merits...
...exponent of a "defeatist school," which is coldly callous to the fact that creeping inflation has "pauperized countless retired and disabled American citizens" living on fixed incomes. Jacoby urges the Government to make its goal an "absolutely stable price level." This means stopping the wage-price spiral by tightening credit and reducing federal spending, leading to less buying, bigger inventories, production cuts, lower profits, and layoffs. He argued, in effect, for a small recession...
...consumer price index figures will show no rise over August because of the seasonal drop in used-car and food prices. Eventually they expect that inflation will begin to creep again. To keep it from accelerating to a gallop, both sides agree on the need for wise use of credit and fiscal controls. Says Slichter: "The greatest danger confronting the economy today is that political pressure will force abandonment of credit restraint...