Word: leon
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Dates: during 1940-1949
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OPAdministrator Leon Henderson then sadly misjudged mass psychology. He announced the rationing a month in advance to forestall "even more confusion and hysteria," got confusion confounded...
...Leon Henderson tried desperately to pour oil on troubled waters: he pointed out that normal consumption is 13 Ib. a year, argued that a ration of one pound every five weeks would not be so bad. (He did not point out that his statistics were based on total population, including adults who do not drink coffee and children under 15, who will get none under rationing.) But every coffee drinker knew that one cup a day represented a drastic cut. The panic buying went on, with no signs of stopping until shelves were bare. In some places anti-hoarders even...
...central problem remains: the gearing of war production to consumer-goods production, based on an overall minimum schedule of civilian needs. Ferd Eberstadt has been heckling Civilian Supply Boss Leon Henderson for just such a schedule for weeks, so far with a notable lack of success. But at least Planner Eberstadt now has a complete and sensible framework to fit a civilian-supply program into when one is finally evolved. "While this may not be the last plan," said he this week, "it is somewhere near the last. That is not because human ingenuity is limited but because human patience...
When Price Boss Leon Henderson consulted with Economic Stabilizer Jimmy Byrnes, his argument for this scheme was that since the ceiling would be maintained, the move would not be inflationary. Actually, of course, if the Government pays bigger subsidies to corporations (be they copper companies or milk companies), and the corporations pay higher wages which are used to buy consumer goods, the net result is very definitely inflationary. The truth, which the Government has acknowledged but refused to face, is that copper is so badly needed that it is cheap at the price of a little inflation...
Before a hornet-mad Senate Agricultural Committee he stood by Leon Henderson, who thinks he has found a way to outwit the farm bloc. The way: 1) let farmers sell their loan wheat for what it will fetch in the market; 2) maintain such stringent retail ceilings on flour, for example, that the price of wheat will have to yield. These tricks neatly bypassed the parity-or-bust provisions farm-bloc Senators had carefully woven into the anti-inflation...