Word: boostsâ
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...stayed there, all but impervious to attacks by the Carter Administration. The burden of containing inflation eventually fell on the shoulders of new Federal Reserve Chairman Paul Volcker. His tough fiscal measures, including higher interest rates and a clampdown on the money supply, do promise to restrain price boosts???but only after a distressing time lag, and at the cost of making more severe a recession that the U.S. seemed headed for anyway...
...have a 3-shilling loaf, a shilling bus fare and a shilling telephone call, and we would have to pay for them out of a 10-shilling pound," he declared. In Leicester, he evoked the specter of "the poor, the penniless and the housewives" facing across-the-board price boosts???milk up twopence a pint, jam up 8 pence a pound, sausage up 9 pence, coal up £2 10 shillings...
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