Word: overbought
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Dates: during 1950-1959
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...economy. "The trouble with a little inflation," says a high Treasury Department official, "is that it tends to accelerate because people will count on it as a way of life. If people resign themselves to it, that makes for false decisions, distortions of value, and an overbuilt, overbought economy that will end up in collapse and controls...
...provide quarters, paper clips and wastebaskets for the army of war expediters, reorganizers and mobilizers it expected to descend on the nation's capital. Last week, having just about tripled its annual spending on such things (to about $2,000,000), GSA sheepishly admitted that it had overbought a bit: its warehouses are full of brand-new furniture. It has 2,000 walnut desks stacked high in an old mill and several acres of filing cabinets gathering dust in three cow barns, an abandoned slaughterhouse and a mental hospital that happens to have some extra space. Also on hand...