Monetary Policy of Plenty Instead of Scarcity: Hearings Before ... , 75-3 on H.R. 7188 ... , July 8 ... March 10, 1938

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Página 110 - ... of purchasing power to individuals, through the media of wages, salaries, and dividends; and on the other hand as a manufactory of prices — financial values. From this standpoint its payments may be divided into two groups. Group A. — All payments made to individuals (wages, salaries, and dividends). Group B. — All payments made to other organisations (raw materials, bank charges, and other external costs...
Página 1 - No person shall be eligible for appointment as a commissioner unless he is a citizen of the United States, and, in the judgment of the President, is possessed of qualifications requisite for developing expert knowledge of tariff problems and efficiency in administering the provisions of Part II of this title.
Página 2 - ... clerks, and other employees as it may from time to time find necessary for the proper performance of its duties and as may be from time to time appropriated for by Congress.
Página 110 - Group B — All payments made to other organizations (raw materials, bank charges, and other external costs). , Now the rate of flow of purchasing power to individuals is represented by A, but since all payments go into prices, the rate of flow of prices cannot be less than A+B. The product of any factory may be considered as something which the public ought to be able to buy, although in many cases it is an intermediate product of no use to individuals...
Página 173 - Hitherto it is questionable if all the mechanical inventions yet made have lightened the day's toil of any human being. They have enabled a greater population to live the same life of drudgery and imprisonment, and an increased number of manufacturers and others to make fortunes.
Página 2 - ... or (2) to induce, or attempt to induce, by like means any such member or employee to make any decision or order, or to take any action, with respect to any matter within the authority of the commission.
Página 190 - ... made by the Bureau of Home Economics of the United States Department of Agriculture, would have necessitated an increase in production over 1929 levels of approximately 75 per cent.
Página 1 - The findings of the Secretary as to the facts, if supported by substantial evidence, shall be conclusive...
Página 2 - No commissioner shall engage in any other business, vocation, or employment than that of serving as commissioner, nor shall any commissioner participate, directly or indirectly, in any stock-market operations or transactions of a character subject to regulation by the Commission pursuant to this title.

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