Economic Stabilization Aids: Hearings Before the Committee on Banking and Currency, House of Representatives, Eightieth Congress, First Session, on the Recommendations of the President with Respect to Inflation and Prices and H. J. Res. 273, Joint Resolution to Aid in the Stabilization of Commodity Prices, to Aid in Further Stabilizing the Economy of the United States, and for Other PurposesU.S. Government Printing Office, 1947 - 336 páginas |
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Palavras e frases frequentes
administration Agriculture allocation amount areas assets authority bank credit believe BUFFETT bushels cash CHAIRMAN CHAPMAN coal committee Commodity Credit Corporation Congress consumer correct cost of living crop currency debt demand Department deposits dollars domestic ECCLES economy effect essential export controls farmers Federal Reserve banks Federal Reserve System figures GAMBLE give going Government securities grain gray market important industry inflation inflationary interest rates KUNKEL labor limited loans margin Marshall plan McMILLEN meat MEHL ment million MONRONEY months necessary PATMAN pay-roll savings percent petroleum present President price control problem production proposed purchase question reserve requirements savings bonds Secretary ANDERSON Secretary HARRIMAN Secretary SCHWELLENBACH Secretary SNYDER sell short supply shortage situation SMITH soybean special reserve speculation SPENCE statement steel TALLE things TICKTON tion Treasury trying United voluntary wheat
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Página 206 - I do not want to take up too much of the committee's time, because you have mentioned enough to answer my question.
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Página 284 - Congress the following five-point program: 1. Congress should provide means for absorbing a large part of existing excess reserves, which amount to seven billion dollars, as well as such additions to these reserves as may occur. Specifically, it is recommended that Congress — (a) Increase the statutory reserve requirements for demand deposits in banks in central reserve cities to 26...
Página 281 - One of the most Inflationary factors — perhaps the most inflationary single factor — in the present situation is excessively easy mortgage credit for housing. During the past 2 years the amount of such mortgage debt has increased by more than $9,000,000,000, and the rate of current mortgage lending has risen from about $550,000,000 per month to about $1,000,000,000 per month. Terms of lending have eased substantially as compared with prewar. A large proportion of recent loans has been made on...
Página 214 - In most instances, and up to a certain point, longer hours yielded higher level of total weekly output. But the increase in output did not measure up to the increase in hours. As a rule, workers under wage incentives and at routine and repetitive jobs in which the workers were in complete control over the speed of operations were able to obtain only 2 hours of output for every 3 hours of work when hours exceeded 48 per week. Up to the 48-hour level, efficiencies were fairly well maintained, although...
Página 324 - ... consisting of the Secretary of Agriculture, the Secretary of Commerce, and the Attorney General...
Página 325 - ... merchants and processors thus obtain the equivalent of insurance against price risks, which, in turn, enables them to operate on smaller margins of gross profit or costs. Also futures price quotations are widely disseminated and are commonly used as a basis for cash transactions, purchases and sales of the actual commodity. And, of course, the futures markets register quickly the changing factors affecting supply and demand. It is not believed that speculation is a basic factor in determining...