Word: free-market
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...this has curbed inflation to such an extent that the black-market value of the lira dropped from 640 in August to 570 last week, thus setting the stage for devaluation. Henceforth the value of the lira will be adjusted once a month according to the average free-market rate of the preceding month...
From these assumptions, the committee reached the conviction: i) that the free-enterprise system must be made safe against any assaults of collectivism; 2) that a "free-market area" must be established between the U.S. and the United Kingdom, aimed toward universal free trade as the ultimate goal of a peaceful world. One conclusion: world reconstruction will succeed faster on the basis of joint policies than constitutional federations such as Union...
Argument for such a job is that the U.S. is too deeply involved in war to retain the world's last vestiges of free-market principles. On the domestic front, the Government's division of authority among various departments is annoying to businessmen but not fatal. But in dealing with totalitarian foreign powers, the U.S. needs to confront the world as one power, with one policy and one personnel...