Word: beene
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Dates: during 1960-1969
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That reassuring thesis may be difficult for some inflation fighters to accept, because 1969 has been such a frustrating year. Repeatedly, Administration leaders have announced that, as Nixon said on Oct. 17, "we are on the road to recovery from runaway prices." Paul McCracken's original year-end deadline for...
Businessmen are still borrowing expansively and betting on continued inflation. They figure that demand will remain high, and so they had better build plants and buy equipment now instead of waiting until prices go up still further. Despite dwindling profits, scarce credit and excess capacity, the Government's latest survey...
Investors were depressed by the fading of the unrealistic Viet Nam peace hopes that they had held in the spring, and more recently by warnings of a forthcoming economic decline. The worst depressant in the market undoubtedly has been tight money. The market frequently falls before recessions and rises when...
Friedman and some other forecasters believe that the U.S. next year will go through an "inflationary recession." There is almost no way that the U.S. can avoid simultaneous increases in both prices and unemployment; the question is just how bad those rises will be. "Never has a U.S. inflation of...
The rising fears of recession show that the Administration is at last making headway in its difficult fight against inflationary psychology. All year, Nixon's economic lieutenants have been trying to create a degree of uncertainty in the minds of businessmen, labor and consumers about the prospect for continued prosperity...