Stabilization: Hearings Before the Committee on Banking and Currency House of Representatives, Sixty-ninth Congress, First Session, on H. R. 7895 a Bill to Amend Paragraph (d) of Section 14 of the Federal Reserve Act, as Amended,to Provide for the Stabilization of the Price Level for Commodities in General |
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Page 14
... course , beneficial to every citizen , as follows : Both parties in the past had been partly right and partly wrong , and when the people came into power the advance in the form of legislation was along a sane , middle course ...
... course , beneficial to every citizen , as follows : Both parties in the past had been partly right and partly wrong , and when the people came into power the advance in the form of legislation was along a sane , middle course ...
Page 54
... course . I found in 1921 , when I visited Europe , that even with the depreciated and depreciating cur- rencies of Europe scarcely anyone realized that their own money was changing . Even in Germany , where money had lost 95 per cent of ...
... course . I found in 1921 , when I visited Europe , that even with the depreciated and depreciating cur- rencies of Europe scarcely anyone realized that their own money was changing . Even in Germany , where money had lost 95 per cent of ...
Page 90
... course , that means deflation of prices in England or inflation in America . The CHAIRMAN . Do you think there is any danger on our part in holding such a large amount of the world's gold , because other countries might declare gold a ...
... course , that means deflation of prices in England or inflation in America . The CHAIRMAN . Do you think there is any danger on our part in holding such a large amount of the world's gold , because other countries might declare gold a ...
Page 105
... course , was with regard to the open - market operations . Professor FISHER . Yes . That last paragraph in your bill , I think , should be kept . Then I also said , if you will recall , that in order to have a com- plete bill , that ...
... course , was with regard to the open - market operations . Professor FISHER . Yes . That last paragraph in your bill , I think , should be kept . Then I also said , if you will recall , that in order to have a com- plete bill , that ...
Page 109
... course , that both ( inflation and deflation ) are bad . What is needed is stability , the point from which both alike proceed in opposite direc- tions . When we have stability of prices we have a basis upon which trade can be carried ...
... course , that both ( inflation and deflation ) are bad . What is needed is stability , the point from which both alike proceed in opposite direc- tions . When we have stability of prices we have a basis upon which trade can be carried ...
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Common terms and phrases
__do____ amount average bank credit Bank of England bankers BEEDY bill bonds borrow cent CHAIRMAN chart circulation commerce committee commodities Congress cost cotton course creditor class currency deflation demand deposits discount rate Doctor FOSTER Doctor WOLFF dollar economic effect eral reserve exchange fact farm farmers Federal reserve act Federal reserve banks Federal Reserve Board Federal reserve notes Federal reserve system fixed fluctuations funds gold standard GOLDSBOROUGH Governor STRONG increase index number inflation influence interest investment issue Labor legislation loans LOMBARD LUCE matter member banks ment NORRIS open-market operations period present production Professor FISHER Professor ROGERS purchasing power question rediscount result SEAY SHIBLEY situation SNYDER stability stable price level statement STEVENSON STRONG of Kansas thing tion to-day transactions Treasury United volume of credit wages wheat wholesale WILLIAMSON WINGO words York
Popular passages
Page 432 - No. • that he is the of , the corporation described in and which executed the foregoing instrument; that he knows the seal of said corporation; that the seal affixed to said instrument is such corporate seal; that it...
Page 496 - Board, to open and maintain banking accounts in foreign countries, appoint correspondents, and establish agencies in such countries wheresoever it may deem best for the purpose of purchasing, selling, and collecting bills of exchange, and to buy and sell with or without its indorsement, through such correspondents or agencies, bills of exchange arising out of actual commercial transactions...
Page 123 - Unless the machinery which long experience has shown to be the only effective remedy for an adverse balance of trade and an undue growth of credit...
Page 547 - To establish from time to time, subject to review and determination of the Federal Reserve Board, rates of discount to be charged by the Federal Reserve bank for each class of paper, which shall be fixed with a view of accommodating commerce and business...
Page 14 - The tariff revision recognized the difference in the cost of production at home and abroad...
Page 61 - IN WITNESS WHEREOF the Borrower has caused this agreement to be signed in its corporate name by its President and its corporate seal to be hereunto affixed and attested by its Secretary, and the United States of America has caused this agreement to be duly executed, all as of the day and year first above written.
Page 127 - States provides that the Congress shall have power — To coin money, regulate the value thereof, and of foreign coin, and fix the standard' of weights and measures: To provide for the punishment of counterfeiting the securities and current coin of the United States.
Page 121 - Credit will be regulated, not only with a view to maintaining the. currencies • at par with one another, but also with a view to preventing undue fluctuations in the purchasing power of gold.
Page 459 - Federal reserve agents as hereinafter set forth and for no other purpose, are hereby authorized. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues.
Page 11 - ... gold dollar, the weight of which is so fixed, shall be the standard unit of value,' and that 'all forms of money shall be maintained at a parity with this standard...