Word: restricted
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Dates: during 1950-1959
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...more curbs on consumer credit, which has increased $6 billion, to $36.2 billion since 1954. Like Banker Sproul, the President's Council of Economic Advisers thinks that the FRB should have the power to impose direct consumer credit controls. Currently, the FRB can enforce only indirect restrictions on consumer credit through its overall monetary operations. It can restrict credit only by increasing loan costs through boosts in the rediscount rate and reserves of member banks and sales of Government securities. But on the basis of past history, the council feels that such general, indirect controls are inadequate to deal...
...press conference on the 1956 budget, Treasury Secretary George Humphrey warned that high taxes can restrict freedom. Said Humphrey...
...their own responsibilities. I hope I live long enough to see the day when they all find courage and honesty enough to tax their citizens as they should be taxed and then serve them as they should be served. When that happens, the Federal Government will be able to restrict its activities. Washington almost always comes into the picture only after local governments have failed to meet their respor, Abilities...
Japan's uneasiness arises from other nations' efforts to restrict Japan's trade...
...conservation [and] added income." While the last item was the key for farmers, the emphasis on conservation was a key to the plan's legality. Not forgotten was the adverse Supreme Court ruling in 1936 on the early Agricultural Adjustment Act, held unconstitutional because it paid farmers outright to restrict production...