Word: outright
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Dates: during 1940-1949
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Under the plan discussed by the Council and currently under investigation by a special committee either the University will buy material outright and use it for retrainees from the armed services, or else rent the furniture out and remit the money collected to the student in cash or war bonds...
...Beech also set aside huge sums for Federal taxes ($6,429,000) and price refunds ($7,200,000). But Beech worried less about war's end, set up no special cash fund for peacetime conversion (although it has paid off the RFC, bought its plants outright). Result : more profits available to stockholders now, perhaps less preparation for things to come...
...object that borrowing from the Reserve banks would be nearly equivalent to "outright greenback printing," and that both of these procedures would be very much worse than borrowing from the member banks. With this point of view I emphatically disagree. So far as inflation during the war is concerned, I can see no significant differences among these three possibilities of inflationary financing, but I can see a great deal of difference in their probable post-war effects...
...only is this a huge chunk of territory, but it also represents as tangled a post-war problem as any that Army and Navy are likely to inherit. For the interests of speed, most of these properties have been acquired either by outright condemnation or with very sketchy discussions of real values. Hence suits for fair return are apt to choke the courts for years. One frantic real-estater's estimate last week: a post-war lawyer's field day of 30 years or more...
...have to do more, as it did in the case of the last Treasury issue. Then the system found it advisable to purchase over $400 millions (not shown on the chart, since the purchases were made only last month). Such buying by the Federal Reserve is close to outright greenback printing and, if it ever reaches a large or continued scale, would have much the same effect...