Word: economist
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Dates: during 1930-1939
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...President's Budget estimates remained to be seen. Equally problematical remained Franklin Roosevelt's real purposes, despite the good intentions toward economy he expressed. Cornerstone of New Deal fiscal policy has been the doctrine of spending expounded to the President in 1934 by British Economist John Maynard Keynes: When times are hard the Government should cushion depression and prime the pump of recovery by spending more than it collects in taxes; when times are good it should put a brake on inflation by collecting more than it spends. Now inflation is under way and the President, though talking...
...even those indolent M.P.s who rarely put in an appearance rolled up in full force, jam-packed the House so thickly that Laborite M.P. Richard Gibson had to take refuge in one of the galleries with a host of peers, foreign diplomats and other bigwigs, including the famed economist Sir Josiah Stamp and Bank of England's eccentric Governor Montagu Norman. So staggering was the Budget speech which all were keyed up to hear that Montagu Norman was reported next day to have "looked bewildered as if he could not follow or believe what he heard...
Financial London was shocked. The market slumped badly. London financial papers described the excess profits tax as "crazy," as paving the way for "a Socialist Government to ruin the profitability of British Industry." Writing in the London Times, Economist John Maynard Keynes said: "It is like a tax on twins whose names are in the first half of the telephone book and happen to be born...
...were a ripe plum just about to plump itself by an avalanche of votes into his lap-as Germany plumped into Hitler's. In his campaign speeches last week Orator Degrelle roared that his academic, scholarly opponent Premier Dr. Paul van Zeeland is "tainted with Americanisms," referred to Economist van Zeeland's professorial work at Princeton in scathing terms, accused him of "copying his economic policies off the blackboards of the Roosevelt Brain Trust...
...Yaleman Garland, who was known among his unsavory associates as "The Wizard." The first Garland wizardry was promotion of Automatic Signal Corp. to make his patented traffic light. Among the original investors were two du Fonts, Charles Michael Schwab, who served for a time as a director, and old Economist Fisher, who sank no less than $750,000 in the enterprise. Automatic Signal is still a going concern with Mr. Fisher trying to get his money back as board chairman...