Word: inflationist
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Dates: during 1933-1933
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...Woodin's rebuttal did not prevent three of the Government's 14 active long-term issues from touching new lows for the year. Eight sold below par. By this time the anti-inflationist battle lines had been drawn. The alignment was vociferous, widespread but disorganized. The hard moneymen were no more articulate about what they were struggling for than the President's reticent financial advisers. What they were fighting against, however, was plain...
...Administration clearly and unequivocally announce that it will not adopt an automatic commodity dollar or a managed commodity dollar or similar currency experi- ments. . . ."* An amendment to substitute an endorsement of the President's policy was voted down with a roar of Nays. When Earl Harding, representing the inflationist Committee for the Nation, asserted that the resolution would antagonize "perhaps 75% of the population of the nation" the chambermen laughed. Mr. Loree, president of Delaware & Hudson R. R., old wise man of the sea of practical economics, took a $100 bill out of his pocket and held...
...Family, living or dead, can be portrayed on the stage. When London's News Chronicle telephoned Producer Harris in Philadelphia he snapped, "What's the matter with you people? . . . We just don't regard it as bad taste!" Theme song of As Thousands Cheer is an inflationist ditty "Uncle Sam Will be in Heaven when the Dollar goes to Hell...
Living proof of Senator Harrison's contention was soon furnished in Washington by the assembling of a cabal of cotton farmers' spokesmen represented, with Oklahoma's arch-inflationist Senator Thomas sitting coonily on the sidelines, by South Carolina's Senator Ellison D. Smith and Senator John H. ("Tallulah") Bankhead. More than 100 interested parties attended these caucuses, whose animated membership demanded two things...
...Last week that artificial floor was removed. Prices-which had been bobbing along on the rule like balloons without lifting power-promptly dropped the maximum amounts permitted in one day's trading. Great was the hullabaloo. Representative Jones of Texas and Senator Smith of South Carolina promptly swung inflationist thunderbolts about their heads again. Letters and telegrams poured into Washington demanding that the Government repeg prices. No such action was taken. Next morning the grain pits reopened and prices promptly dropped another level lower: dropped and bounced. They mounted rapidly and closed with substantial gains for the day. Thereafter...