Word: longs
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Dates: during 1950-1959
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...dangerously its overseas military forces. But it might have to do all these things if such industrially strong nations as West Germany, Britain and Japan did not take over part of the aid to underdeveloped nations, drop trade barriers and get on with the business of working out a long-range program of stable free trade for the world...
...long ago we never knew they lived...
...July 1957, outgoing Secretary Humphrey took incoming Secretary Anderson to the Bureau of Engraving and Printing to see the first dollar bills coming off the presses with Anderson's signature on them. They were also the first U.S. greenbacks to bear the motto "In God We Trust," long familiar on U.S. coins. Grinned Anderson: "This is pretty rugged. I no sooner take office than there is an expression of lack of confidence...
...enemy. What counts, he holds, is "sustainable growth" (a favorite Anderson phrase), which requires capital investment out of savings. "A high rate of saving," he argues, "is indispensable in achieving a high rate of economic growth." And since inflation is the enemy of thrift, it is in the long run the enemy of economic growth...
...remind Western Europe and Japan that the Marshall Plan days were long since over, Anderson last month took the dust-stirring step of announcing that henceforth dollars lent to underdeveloped countries by the U.S.'s own Development Loan Fund (outgo: about $550 million a year) must be spent in the U.S. Protests rang out that Anderson was dragging the U.S. backward with a protectionist "Buy American" program (TIME, Nov. 9). But Anderson's essential purpose was to force Western Europe and Japan into providing loans to finance their own exports to underdeveloped countries. He would be happy...