Word: msa
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Dates: during 1952-1952
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Though ECA is ended, the spending goes on under a new name and with a new purpose. The new outfit (headed by Averell Harriman) is the Mutual Security Agency; key word in MSA is "security" as "economic" was in ECA. In 1952, MSA will spend $6 billion, mostly in arms, in Europe alone. The U.S. taxpayer will hardly notice the difference...