Word: indirectly
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CONTROLS. To stop future inflationary rises, the new Administration plans to rely chiefly on indirect FRB fiscal controls, which strike at the monetary roots of inflation, rather than wage & price ceilings, which merely try to nip the flowers. Republicans in Congress also want to keep direct controls - at least on some sort of stand-by basis. Eisenhower has a strong argument to persuade Congress to restore FRB's power to control installment buying, housing credit, etc. Since these curbs were removed in May, consumer credit has shot up $3 billion to $23 billion at year's end. Said...
When Dwight Eisenhower came home from Korea he said that "certain [military] problems of supply have reached rather serious proportions and require early correction." New and indirect light was thrown on this cryptic statement last week. Pentagon reporters were summoned to a special press conference by the Army's Major General William Oliver Reeder, deputy assistant chief of staff for logistics (G-4). Ostensibly, the conference was called to discuss a "1952 Procurement Report." But reporters soon detected the real reason for the conference. Army's G-4 knew that Ike had come upon a carefully protected secret...
...Abandon most direct controls (notable exception: retain rent controls in really "critical" areas). ¶Establish a stand-by controls system. ¶Use indirect anti-inflation measures, such as increasing the percentage of gold (now 25%) behind Federal Reserve notes...
...office, although the Controls Act does not expire until April. The Controlled Materials Plan (for steel, copper and other materials), scheduled to die in June, may end sooner. However, some form of materials allocation for military production may be necessary. Republicans have said that they will rely more on indirect (e.g., fiscal and credit) controls to fight inflation, if that threatens again, in which case Congress would have to restore to the Federal Reserve Board its powers over consumer credit, which were wiped out last session...
Comparative scores, an invalid basis of judgment, give Princeton a decided edfe. While the Tigers topped Columbia by 14 to 0, the Crimson lost to the Lions, 16 to 7. But a more indirect line of reasoning should give the Crimson the advantage. Both Penn and Harvard defeated Dartmouth by seven points, and Penn downed Princeton...