Word: abouts
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Dates: during 1960-1969
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HIGHER PRICES. Despite the Government's year-long policies of tax surcharge, budget hold-downs and the tightest money since World War II, the hangover from the previous boom years is proving hard to cure. Economists predict that prices, which have been climbing at an annual rate of more...
SLOWER BUSINESS. There are increasing signs that the Nixon Administration's restraints are finally beginning to hold back business. Some economic indicators remain strong. Factory orders for durable goods, notably steel, engines and turbines, bounced up sharply in September, and capital spending, according to the McGraw-Hill survey released...
HELLER: There is no earthly way-maybe there is a heavenly way-to achieve price stability or to disinflate without knocking people out of jobs. When you talk about moving from, say, 3.5% to 4.5% unemployment, that means an other 830,000 people will be knocked out of work. They...
ECKSTEIN: The Administration is in for some unhappy months. But you have to keep it in perspective. First of all, the unemployment will not be recession unemployment. Small changes in the unemployment rate do not have any visible effect on social unrest. Unrest has been at its peak when unemployment...
ECKSTEIN: We are really sitting on a time bomb. The private economy would like to get going, and we had better look out that we don't turn it loose too fully or too quickly. If things go badly, and the Administration has to think about antirecession programs, the...