Permanent Distribution of National Production: Hearings Before the Committee on Banking and Currency, House of Representatives, Seventy-fourth Congress, Second Session, on H.R. 9216, by Mr. Goldsborough, a Bill Looking to the Permanent Distribution of the Entire Possible Production of Wanted Goods and Services. April 27 and 28, 1936 ...U.S. Government Printing Office, 1936 - 124 pages |
Common terms and phrases
1926 price level American amount average wholesale commodity balance bank credit bank deposits Bank of England bankers banking system billion dollars bonds borrow BROUGHAM capital Chairman check money circulation CLARK committee Congress consumption contraction create credit money currency debt deflation demand depositors Deposits Account depression dividend employment expansion Federal Credit Commission Federal Reserve banks Federal Reserve Board figures fractional reserves going gold standard Government HARVEY HOLLISTER increase industry inflation issuance issue labor legal tender loans manufacture means medium of exchange ment monetary credit money supply national consumers national credit account national credit certificates national income pay rolls productive capacity purchasing power REILLY retail discount rate securities Senator Owen social credit SPENCE stable statement STROVER sumers supply of money tion trade Treasury credit certificates unem United volume vouchers wealth wholesale commodity price WILLIAMS
Popular passages
Page 4 - ... occurring prior to the expiration of the term for which his predecessor was appointed, shall be appointed for the remainder of such term.
Page 5 - ... 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.
Page 119 - Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, DECLARATION OF POLICY SECTION 1 . It is hereby declared to be the policy of...
Page 89 - The Government should create, issue, and circulate all the currency and credit needed to satisfy the spending power of the Government and the buying power of consumers. The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government's greatest creative opportunity.
Page 4 - 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.
Page 88 - Government possessing the power to create and issue currency and credit as money and enjoying the right to withdraw both currency and credit from circulation by taxation and otherwise, need not and should not borrow capital at interest as the means of financing governmental work and public enterprise The Government should create issue, and circulate all the currency and credit needed to satisfy the spending power of the Government and the buying power of consumers. The privilege of creating and issuing...
Page 23 - Without objection it will be incorporated in the record. (The statement referred to is as follows:) COMMENTARY ON HR 9216, NATIONAL INCOME AND CREDIT ISSUE ACT (Submitted by Allan R.
Page 88 - The monetary needs of increasing numbers of people advancing toward higher standards of living can and should be met by the Government. Such needs can be served by issuing by the issue of national currency and credit through the operation of a national banking system.
Page 8 - Act, or any rule, regulation, restriction, or condition made or imposed by any international radio or wire communications treaty or convention, or regulations annexed thereto, to which the United States is or may hereafter become a party, shall, in addition to any other penalties provided by law, be punished, upon conviction thereof, by a fine of not more than $500 for each and every day during which such offense occurs.
Page 88 - Money is the creature of law and the creation of the original issue of money should be maintained as «n exclusive monopoly of National Government. "Money possesses no value to the State other than given to it by circulation. "Capital has its proper place and is entitled to every protection. "The wages of men should be recognized in the structure of and in the social order as more important than the wages of money.