Word: outworn
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...there are practical and workable ways in which many of the advantages of quick amortization can be made a permanent aid to the economy. Many could be accomplished if the Bureau of Internal Revenue would simply revise its outworn, obsolete rules and procedures. For example, present regulations allow only about 5% a year for depreciation, often far less than the actual costs of replacement in an inflationary period. A realistic policy might boost depreciation allowances to 12% or more. Actually, the BIR's whole taxing philosophy is obsolete. It measures the value of a plant or equipment...
...March 23 article, "A Matter of Background," is incredible. Princeton and the Ivy League have a reputation for traditionalism. The preservation of decent tradition is a worthy thing, but the blind clutching at outworn and bankrupt tradition is not only unworthy, but in this instance vicious. The Daily Princetonian, in commenting on this effort to include all in the notoriously undemocratic upper-class eating clubs, has concluded that some students "did not have a social background which would fit them into the Princeton system," and inquires "Was it fair for the university to admit them...
...keep the advantage they have." De Havilland's reply: it cannot boost commercial production and meet its rearmament quotas. Then, said Rickenbacker, it ought to license a U.S. maker who can mass-produce the Comet III. Echoed London's Daily Mail: "Britain . . . will have to scrap the outworn ideas and practices which have been hampering her industries since the end of the war. If we go dawdling along as if it didn't matter much anyway, we shall deservedly lose a chance that will not be presented again...
...perhaps the most dangerous part of your doctrine is that of the "new" democratic ideal, as opposed to the older outworn concept. The "'self-reliant man," you state, "'capable of making his own decisions and standing by them, along if necessary' ... looks rather silly in the light of modern life." I suppose he does seem rather out of place in the new nation which our "modern" pioneers are forging. Yet would you tell us, after you have built this "brave new America," based on the firm foundation of these two well-known continental peace preservatives, armaments and conscription, who will...
...atomization of society has its good side: social mobility. Many a professional soldier has lost his Prussianized kinks after working in the Ruhr mines, many a previous failure has proved himself in the tough scramble of postwar life. Healthy distrust of outworn German codes is surging. Fanaticism for the state is finished. On this point, the Germans are explicit: "Wir sind nicht noch einmal die Dummen" (We're not going to be played for suckers again...