Word: slackly
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Dates: during 1930-1939
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...unsophisticated state of our finances, the supposition is always made, if it is not consciously formulated, that a slack period is an ideal time in which to force liquidation on borrowers. There has been a failure to distinguish between the character of debt which should be permanent, such debt which a popcorn vendor runs up at the local hofbrau. Debts on such enterprises as the Middle West Utilities, whether they are notes or bonds, should be freed from the liquidating impulse of the business cycle. If it be objected that this would mean a fundamental change in the credit mechanism...
...someone objects that the government is in effect creating credit, one may ask who has a better right to create credit than the government. In time of prosperity such a process might raise prices, but in time of depression there is so much slack to be taken up in employment and trade that the "inflation" resulting would be inconsiderable. CASTOR...
...judgment. He is apparently under the illusion that the coining of sarcastic phrases and the hurling of epithets will be misunderstood by sober-minded citizens for sound reasoning. The Civil Works Administration was a logical development of the public works program. It was designed to take up the slack in employment that the Public Works Administration could not hope to reach...
...year ago, the rise was more than accounted for by increased prices-proof that the volume of trade was off. Merchants talked nervously of a Buyers' Strike. Consumers feared that retailers would use the code as an excuse for general price-upping, particularly in communities where competition was slack. The NRA had been used as an excuse before. In July the price of cotton sheets was 85? wholesale, 99? retail. By September though the wholesale price was still 85?, the retail price was $1.23. Excuse : cotton processing tax, which amounts to but less than 8? per sheet...
...wound, on his left cheekbone. And over his eyes the accumulation of scar tissue, where his brows had been opened and stitched and healed repeatedly, projected like eaves. His belly was still rather flat, but it flapped and fluttered like a loose drumhead and there was a band of slack-meat over the top of his trunks." The piece ended with what none of Pegler's readers could misconstrue as an apology for sentiment: "But I am bracing up now. I will be all right in a minute. I guess I am just an old crybaby. But a fellow...