Word: ruml
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Beardsley ("Pay-as-you-go") Ruml, visiting his doctor-father in Cedar Rapids, Iowa, had a pleasant thought (for a local reporter): the American postwar standard of living can be 50% higher than anything the U.S. has ever known-if the right conditions prevail. The "right conditions": a national income of $140 billions, based upon 55 million people working 40-hour weeks...
...Businessman Bowles proposed that wartime controls be replaced by a "broad and far-reaching" program to: 1) put a floor under wages and prices-in effect, a combined OPA and WLB in reverse; 2) remove any ceiling on public works. For the long pull he joined Alvin Hansen, Beardsley Ruml et al in proposing that Government shall keep the U.S. economy in balance by lowering taxes and increasing expenditures in slumps, upping taxes and reducing expenditures in booms. He declared flatly that government must always play the "central role" in the economy...
Beardsley Ruml, chairman, Federal Reserve Bank of New York...
...Ruml insisted that businessmen who fear a so-called "compensatory" fiscal policy because it implies vast Federal deficits in bad years should remember that such a policy also calls for public debt retirement in boom years as a brake on the overexpansion of private industry...
...Planner Ruml thought the U.S. would do better to concentrate its main attention on the tax system, in looking for positive ways for the Government to help stabilize the business cycle. He concluded with a tax question containing its own answer: "Why not leave at home, for expenditure by the individual, income that otherwise would have to be pumped out again in order to maintain high employment...