Word: marginalls
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Dates: during 1960-1969
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For Power & Homes. The bank was set up in 1960 to step in where private banks and other international lending institutions feared to tread. Under its able and imaginative president, Felipe Herrera, 41, a Chilean economist, el BID has granted longterm, low-interest loans for hydroelectric power in such marginal...
The issue, of course, is not how to make the price supports work--with other segments of the Triple Subsidy tagging along--but whether to have them at all. Here the answer must be clear: abolish them. They have kept the marginal cotton producer on his tiny, impoverished farm at...
The tendency of the Triple Subsidy is to insulate an entire sector of the American economy from the market's competitive pressures. This is as true for the giant, but declining, cotton textile firms, hardpressed by synthetic fibers and foreign imports, as it is for the marginal farmer.
This program would still function as a substitute for an attack on the underlying problem: how to move the marginal farmer off the land. It makes littles sense to keep him there at a subsistence level. Yet, with chronic excess unemployment in the economy at large, it is reasonable to...
Back in 1956, when Nikita Khrushchev's risky gamble on the Virgin Lands seemed to be paying off, the Soviet ruler gleefully gibed at Western predictions that his pet scheme for plowing up 100 million acres of marginal land in Siberia and Kazakhstan could never solve Russia's...