Word: understandable
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Dates: during 1930-1939
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...been British policy from time immemorial, under Conservative, Liberal and Labor regimes, to avoid whenever possible the giving of a prior pledge which in certain circumstances would bring armed forces of the Empire automatically into play. While giving the House of Commons to understand last week that "in the case of France and Belgium" any German aggression will bring automatic British resistance to the aggressors, Neville Chamberlain was able to show that not even Anthony Eden advocated such an automatic arrangement in the case of Czechoslovakia...
...exception in this ring-around-a-rosy is Government. At this point Author Scherman, who says you must keep your shirt on if you want to understand economics, throws his hat on the ground and stamps on it. Government, says he, welshes on all its promises. It steals property through taxes, steals money through devaluation of the currency (which he compares to the "coldblooded cheating of little children"), milks the banks, shows an unbroken record of "fraud" for 3,000 years. Finally, says Author Scherman, the combination of all these Governmental dishonesties is the main cause of depressions...
Almost without exception the newspapermen state a wish to take a course of study which will enable them to understand and interpret current developments in labor, government finance, New Deal legislation, and federal regulation of business and agriculture...
...lesser mysteries of the world of finance is why, just because an individual has managed to acquire shares in a corporation, he should be expected to understand the argot of accountancy. Yet last fortnight, undoubtedly to the great perplexity of its 7,138 stockholders, Johns-Manville Corp. phrased part of its 1937 balance sheet in the above bewildering fashion...
Last week The Intelligent Individual and Society and Retreat from Reason continued the counterattack. The more tentative of the two authors, tousled, 55-year-old Percy Williams Bridgman, famed Harvard physicist, admits that people are harder to understand than physics. In time, however, he thinks that man's complex make-up can be plotted and simplified, provided men take over the physicist's skeptical (but not cynical) attitude toward things-in-general. His major discovery, after 300 pages of considering man's odd behavior, is that people are mentally lazy...