Word: fixedly
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...noted the President frankly confessed that nobody knew the present level of the dollar and that too many artificial forces were at work in world currencies to enable America to fix now on a definite value for the dollar...
...whether we have the commodity standard or not, ultimately, the President had to have an alternative to his refusal to stabilize now or fix the gold content. He had to meet the pressure of the inflationists. He had to continue to try to persuade the other governments of the world to try the commodity standard experiment. So inasmuch as he came to believe there couldn't be any stabilization now anyway, there seemed no harm in an academic espousal of the commodity standard...
...found upon reflection to have been a wise move. Now entirely apart from this phase of his policy, there will be criticism of what he refers to as a managed currency and issue will be taken with him as to whether it is sound ever to try to fix the value of the dollar by changing its gold content every now and then to conform to price changes. This theory, which is sponsored by Professor Irving Fisher of Yale, is not new and has had the penetrating criticism of economists and gold experts for a decade...
Straus on "Fixing." At the Washington hearings, Mr. Percy first asked why the retailers did not submit a simple code which could be put through quickly and which would accomplish precisely what President Roosevelt wanted-raise wages, shorten hours, increase employment. Next he demanded some assurance that there would be labor and consumer representatives on the Retail Code's administrative board and its local committees. Neglect of consumers, he warned, was likely to be disastrous. And then Mr. Percy took a look at the disputed Article VIII: "If retail groups can fix prices at ... cost plus 10%," reasoned...
...price would nevertheless be stabilized within narrow limits. So that a store's stocks might not become frozen through the operation of this provision, bona fide clearance sales, disposal of perishable goods and discontinued lines, genuine liquidation, were permitted at any prices a merchant chose to fix...