Word: indirectly
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Dates: during 1950-1959
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Holding a 3 to 2 margin at the half, Dartmouth then pilled its halfbacks and insides back in front of the goals to throttle Crimson scoring attempts for the rest of the afternoon. The final Green score came early in the third stanza on an indirect free kick...
Professor Galbraith, who in the last war was a deputy price administrator and who still keeps in close touch with Washington, favors strong indirect controls today, built around high taxation. Backing current Administration policy, he points out that high taxes can and should cover all the increased governmental spending, thus wiping out the inflationary effects of the war expenditures, And he feels profits will be high enough to encourage heavy production...
...When we know the level of military expenditures and can more accurately appraise inflationary pressures, any stabilization program involves the three stages: voluntary self-controls, indirect fiscal controls, and direct wage and price controls," Dunlop said. "These direct controls will be used only after the others have been shown inadequate...
Galbraith would reinforce the high taxes with indirect controls, such as those already imposed on consumer and real estate credit, as well as certain "selective" price controls on crucial materials like copper and rubber. But the "heavy artillery" of blanket price controls must by all means be held back, he said, until we have some idea of a terminal point. "Price controls become less effective the longer they remain in existence," he explained...
There were a number of criticisms raised against various kinds of indirect controls, although the consensus was that the government was moving in the right direction with its moderate anti-inflation measures. Several faculty men asked for stronger indirect control now, although Professor Harris thought "a heavy dose of taxation" would almost be enough by itself to eat up any current surplus of purchasing power. Harris added that the country could still continue welfare expenditures, but pointed out that too much "would be inflation...