Word: musts
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...while the Tiger consumed the Bull dog 4-1. Yale outshone Harvard against Dartmouth. Yale held Brown as Harvard did. Yale has an airtight defense. Harvard has forward line snipers. But because the Blue has won the past two years, and still has former stars in its lineup it must rule favorite...
...more and so facilitates the production of wealth. At this point Mr. Lippmann does not seem to believe in either the redistribution of the wealth or organization of workers. But 100 pages further on when he writes the agenda of a constructive liberalism, he finds that the liberal state "must by its own principles encourage and protect cooperative organization of producers, such as farmers and working men, who must sell at once and at any price offered, and in ignorance of the true supply and demand, if they bargain individually...
...true progressivism must conform to the necessities and implications of the division of labor." The economy can only be regulated in free markets by means of prices, continues Mr. Lippmann. And yet the collectivists of the right and left are trying a "counter-revolution" against the market. Why? Because, answers Mr. Lippmann, existing markets are ruthless regulators. This was insufficiently appreciated by the nineteenth century economists, but not by the author of "The Good Society." He realizes that the profits of business are not merely earnings due to ability and foresight; he realizes that laborers cannot travel from place...
...analyze exactly what Mr. Lippmann proposes to do, once he has applied social control instead of overhead direction. He declares that there must be mobility of capital. But if capital is to be mobile, it must be secure. "Thus there must be required stringent liability on the part of promoters for the worth and good faith of the securities they issue . . ." And further capital must not become "entrenched in certain favored corporate structures." Therefore "the limited liability corporation must be deprived of the right to retain profits and invest them, . . . not according to the judgment of the market...
Here is the final rampart on which Mr. Lippmann must defeat his distention between the New Deal overhead control and liberalism's social control--i.e. commissions at this point. He answers that the officials who inspect, prosecute, and administer must be regarded as exercising merely certain rights and duties instead of possessing the attributes of majesty. When one remembers that the New Deal's Commissions act only under the mandate of Congressional statutes and the threat of judicial review, Mr. Lippmann's collapse seems miserably final and complete...