Word: deflationist
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...head, however big, could carry all Mr. Roosevelt thinks he knows. . . . One day an inflationist, the next a deflationist. A fixer of prices who denounces his own creations, a giver of what he calls 'the more abundant life' who orders the destruction of food while millions of his fellow-countrymen are undernourished. A great preacher of free speech who threatened the political ruin of the Senator who for the sake of principle opposed his Supreme Court 'reform.' A bitter critic of bureaucracy who has created so many bureaux that Washington cannot contain them. A stern advocate...
...reward is the prospect of a share in restored prosperity. ... It will be bitterly lost if it is lost through the shortsightedness and practical shortcoming in the attitude of other countries toward the President's experiment." Two days later the Governor of the Bank of England, fox-bearded, deflationist Montagu Collet Norman, served notice on his entire staff that their pay will be cut 10% next March and cut thereafter every March for the next three years. Thus, by implication, Governor Norman set himself more strongly than ever against a policy of British price & wage raising. Indignant clerks...
...force of character and purpose. Bumbling old Stanley Baldwin, nominal Party Leader, has almost ceased to count. Since the Conservatives have an overwhelming majority in the House of Commons it is no secret that Scot MacDonald remains Prime Minister by Prime Mover Chamberlain's leave. An arch-deflationist and high-tariff man, the Chancellor of the Exchequer finds it convenient to get the Cabinet's work done beneath the camouflage of a "National Laborite" Prime Minister, popular, warmhearted, lovable. By the attitudes of Neville Chamberlain & friends, not by the speeches of Scot MacDonald, must Great Britain...
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