Word: long-running
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...consumer purchasing power should be carried on in a time of business contraction. Don't worry about balancing the budget until better times come, he advises, and then make the repayments to investors in government bonds. Rogers points out that what is needed in a budget policy is a long-run rather than a short-run balance, and that after all "a year is a pretty arbitrary accounting period . . . In fact . . . it might be almost as rational to demand that the balance appear each month." The author concludes by warning that if no solution to these afflictions is forthcoming that...
...Such is the purpose of the work. The first part is an analysis of the various and conflicting factors and trends, the net result of which is the familiar thesis that the need for savings and capital investment in America is on the decline, and that in the future long-run we are faced with a problem of over-saving. "No technical events are in prospect at the present time which in their expansive force can be compared with the development of the railroads, with electrification, or with motorization." The statistical survey indicates that in a normal future year...
Compared with this long-run problem is the problem of the effect upon the business cycle of taxation aimed at reducing the amount of savings. The pamphlet contains a very careful analysis of the effects on all aspects of the economic life of the country of the Capital Gains Tax, the Undistributed Surplus Tax, and the Social Security Tax. The conclusion is that though these taxes are in part designed to curb over-saving they reduce savings in a year only between one-half and three-quarters billions of dollars. What relation is there between these taxes and the current...
Other advantages might be expected to be forthcoming if the League should prove successful in its early ventures. Proponents of the League idea are not at all convinced that these long-run hopes would necessarily be realized. At the same time, however, they all attest to the fact that there is an immediate need of some method whereby unanimity of action may be experimented with, in the hope that a beginning can be made toward the salvation of athletic idealism from the serious threats which menace it today. Measures pertaining to standard rules of eligibility, registration of athletes and investigation...
...people whose interests had been vitally affected found themselves pushed out the door, denied hearings, and treated generally like unruly schoolboys if they voiced legitimate protests. Such dictatorial tactics may be acceptable in times of emergency but should never be allowed to get a foothold in the long-run system of American governmental practice...