Word: fiat
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Dates: during 1930-1939
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...violence, always only implied, but ever present, has everywhere extorted food and shelter from the communities through which the veterans are passing. As a result of their efforts they are securing a vote in Congress on their pet bill, which calls for payment of $2,400,000,000 in fiat money as bonus; it is not inconceivable that these men may be able to make a raid on the Treasury, in one way or another...
...common sense. Mr. Dawes had been summoned before the House Ways & Means Committee to give his opinion on the Patman bill to pay off the Soldier Bonus by an inflationary issue of $2.400,000,000 in new currency. He gave the proposition short shrift. Said he: "This issue of fiat money would undermine the credit of the country . . . and shake the soundness of the United States Government itself. It's an invitation to start on the primrose path Germany followed until her mark went down. . . . Look out when you tamper with the soundness of your currency. These Bonus bonds...
...widely anticipated last week by House leaders who declared they could not stop the stampede for the veteran vote. After the tax bill is disposed of, the Ways & Means Committee will consider a measure of Texas' Patman to pay the bonus in full by issuing two billion dollars in fiat money. Last week Congressman Patman declared that, with the election coming on. President Hoover would not "dare'' veto his bill...
George V and Premier MacDonald gave no sign last week as to what, if anything, they propose to do about Lord Strickland and Malta which, in 1930, became so incensed against Strickland that its Constitution was suspended and its Legislature dissolved by Imperial fiat...
...powered by Rolls-Royce motors, which are believed to be capable of achieving 400 m.p.h. In external design, they resemble the planes which won the Cup for England in 1929. The Italian planes, Macchi-designed, are intended to do better than 400 m.p.h.; each has two 1,500 h.p. Fiat motors, two propellers set in tandem. About the French planes, little is known except that they have been reported as surpassing 400 m.p.h. in secret trials. A British victory this year would give England permanent possession of the Schneider...