Word: eccleses
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Committee for Economic Development had spoken to the same effect. Marriner Eccles, most outspoken of the governors of the FRB, also stood for damming up the flow of money, but the FRB itself did nothing decisive; considering the imposing figures on the other side of the question, it kept its...
Last week Federal Reserve Board Member Marriner S. Eccles bluntly told Congress why price & wage controls alone would not stop inflation. The "cheap-money" policy established by Secretary of the Treasury John W. Snyder would prevent it. Any program of controls, Eccles told a joint Senate-House Committee on the...
Eccles got strong support from Allan Sproul, president of New York's Federal Reserve Bank.
The root of inflation, Eccles and Sproul agreed, is the vast increase in credit money which has bid up the prices of goods. Although FRB had restricted consumer credit, Eccles said that FRB's powers to control overall credit are "much more limited than is generally believed." The reason...
Mrs. MacDonald's shelter was designed and supervised by tall, greying Allan A. Eccles, an X-ray expert in Vancouver. Working with information from the U.S. Atomic Energy Commission and the U.S. Office of the Surgeon General, Eccles built the shelter in ten days, and says it is "calculated...