Word: morgenthau
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Dates: during 1940-1949
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...Henry Morgenthau, who always had hoped to balance the budget, last week buried the ideological hatchet with ex-Spender Marriner S. Eccles, Chairman of the Federal Reserve Board, who had long since started preaching deflation...
Last spring Morgenthau fought Eccles' program to harden the money market (which would have raised the Treasury's interest rates). But spring was a long time ago last week. There are greater dangers to the country's economy than increased interest rates...
...Boston Henry Morgenthau gave his first real anti-inflation speech. It melted commodity prices, like butter in the sun; even drove down the price of Treasury bonds. Cause and effect followed each other like bullets and death. The Secretary of the Treasury said...
...cheerfully got down to business. After chopping another $38,500,000 off the bill, they passed the rest in jig time. Their three days' work added $3,583,900,000 to the taxes U.S. citizens will pay next year. It was almost exactly what Treasury Secretary spring - Henry Morgenthau Jr. asked for last spring- and $367,500,000 more than the the House demanded...
...Morgenthau wanted his new bill pronto...