Word: fetishizers
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...Fetish of 2%. This fiasco was the result not of any weakness in the Government's credit but of the Treasury's stubborn amateurishness. Most bankers agreed that the offering would have been a success if it had consisted of 2¼% bonds of 12 to 14 years maturity, but the Treasury brushed aside their advice. More than that, unlike Mr. Mellon, who confessed to his error when he misjudged the market, Mr. Morgenthau stuck to his dignity, put on a little homily on 2% financing...
These men devoted themselves to perfecting the technique of showing everything exactly. They left nothing for the audience to supply. The precise representation of concrete things became a fetish. Unfortunately their holy war was successful; Realism has become the gospel of the American theatre, virtually without a single infidel to preach against it. The result: audiences have become mentally poverty-stricken. They have been taught to believe what they see, and only what they see. If they do not see it or have not seen it, it cannot exist. Imagination is employed only for the uses of obscenity...
Because NBC and CBS make a fetish of avoiding recorded programs, two at least of the U.S. radio networks have let the British get ahead of them in the use of transcriptions. Those used by local U.S. stations have consisted mainly of music, light drama and advertising. But this month a series of British-style documentaries went out to more than 300 radio stations which use the Thesaurus Service of NBC's Radio-Recording Division. The best of the series, Commandos, proved that a canned program can be just as hot as one broadcast "live...
...therefore, a bigger & bigger reservoir of savings to finance the expansion. Furthermore, said the New Dealers, taxes always cut consumption. Why tax, then, until consumption has increased to the point of full production, full employment (which they estimated at around 170-180 on the FRB index)? They rejected the "fetish" of a balanced budget, preferring a balanced economy instead. But when full employment is reached, and a choice between guns and butter must be made, the New Dealers would plump for guns-i.e., consumption taxes. By 10 p.m. they had talked Leon Henderson to sleep under a picture...
...subject of the State he has proclaimed: "Organized society is predicated upon the willingness of men to limit their freedom in the interest of the well-being of the entire community." On the subject of Democracy he announced last month that the two-party system was a "fetish," not necessary. Said Manuel Quezon: "Political parties are good only for evil things...