Word: trufant
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Dates: during 1940-1949
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Meanwhile, in the absence of any more formalized official price policy, price theorists have been making a private Babel of the subject. Among them: Hugh Johnson, Dr. William Trufant Foster of the Pollak Foundation, Economist Frank Ashmore Pearson (of Cornell's once famed goldbug team of Warren and Pearson), Brookings Institution's Harold G. Moulton, Brookings' Charles O. Hardy, whose Wartime Control of Prices, written for the War Department, appeared last month...
...dictatorship was ex-Baruch-aide General Hugh ("Old Ironpants") Johnson. Said he: "You can't stop a skyrocket advance in prices of everything merely by tying prices of a few things to the ground. There is only one way to do this job. That is by fiat. ..." William Trufant Foster was just as gloomy, told hardwaremen: "I was on the Consumers' Advisory Board of the NRA and found it was window dressing. . . . The Government can't control the price level and stop the upward spiral." But unlike Johnson, he concluded the Government should keep hands...