Word: depressionitis
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Dates: during 1950-1959
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There is nothing revolutionary in such proposals. Canada already uses the declining balance system. Britain now grants first-year write-offs as high as 20%. Sweden has a similar system. Whatever tax revenues the U.S. might lose would be an ultimate gain for the taxpayers, by increasing the productivity of...
"Then there is another thing . . . That is the dangerous philosophy that balancing the federal budget is the most sacred objective of the Government . . . Now I am a great believer in a balanced budget. And I kept the Government budget balanced, too, until an emergency came along that was a lot...
Census Bureau projections had indicated a population gain, from 1940 to 1950, of only 8,000,000. The actual gain was 19.5 million, to 151,700,000. In less than three years since then, the U.S. has already topped 160 million. In the last year or two, the number of...
Thomson, the son of a Toronto barber, learned how to read a balance sheet the hard way. He quit school in Toronto at 14, began to clerk in a fishing supply store, starting at $5 a week. Within ten years he had invested his small savings so shrewdly that he...
A Sick World. John Maynard Keynes was a brilliant intellectual and financial operator who made a couple of million dollars dealing in international currencies and commodities half an hour each morning while still in bed. He wrote a mathematical masterpiece on probability, was the darling of the avant-garde Bloomsbury...