Word: projected
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Dates: during 1940-1949
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Financed by a $175,000 grant from the Merrill Foundation for Advancement of Financial Knowledge, the project calls for the investigation of the actual effect of national tax policy on business decisions...
Unfortunately the political requirements attached to the reconstruction project are singularly ill-suited to its purpose. By demanding a guaranteed anti-Communist government in each of the sixteen nations, Mr. Harriman ranks governmental ideology, above mass hunger, a stipulation which can only reduce the effectiveness of his plan. Any nation with a strong Communist party could conceivably be denied aid. This would result in a further infiltration of Russian ideas at the expense of American prestige...
...attributes of the ERP lies in the freedom of economic action granted each nation. But this trust in the financial ability of each nation will mean little to Europeans when the state Department insists on national purification before the flow of dollars. The avowed purpose of Mr. Harriman's project is to renew confidence in democratic government and to build a European buffer against Russia. Any ill-advised plan to cut off every country smudged by Communism can only serve to defeat these purposes...
Seats on the committee are not limited to the present five members, and Seminar officials expect to expand the number as work progresses, in an effort to strengthen the project as it leaves its pioneer stage behind...
...group is an outgrowth of the Steering Committee of the Seminar, formed last September to supervise the project during the winter and spring organizational periods. Peirce, as chairman, will serve as assistant to Clemens Heller 1G, who heads the steering committee and is executive secretary of the overall Seminar endeavor...