Word: controled
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Dates: during 1970-1979
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ADELMAN: There is no genuine supply crisis. There was an accident, Iran. We are traveling a bumpy road, and will continue to do so as long as OPEC is in charge. There is nothing we can do to make the cartel produce more. We have handed control of world oil over to a small, noncompetitive and irresponsible group...
ADELMAN: There is not a damn thing we can do. We have no carrots and no sticks. The President should publicly admit that we are in the hands of a group of people, the OPEC cartel, who are at the moment wholly beyond our control...
ADELMAN: If the Administration wants to be taken seriously, it must tax the energy that it wants saved. It is a disservice to control prices because you feed bum dope to consumers. When prices go up, people will use less. Seven cents more for gasoline will not make much difference, but the knowledge that prices are going to keep rising will change habits...
...message is clear: "With inflation, we have in effect been raped by Government. Federal borrowing is the pervert that did it, and inflation is the weapon of coercion." Inflation, he warns, will get totally out of control and lead to an economic smashup. "The juggernaut is headed for the precipice," he declares in his book. When it reaches the brink, he says, the banks will collapse, Social Security will be worthless, the machinery of Government will break down, and the cities will become chaotic...
Despite his autocratic methods, the Pope remains a theological liberal, a doubting Declan carrying the keys of the Kingdom. Sensitive to the anguish of Catholic couples, he adroitly bypasses the birth control ban of Pope Paul VI's Humanae vitae. He sets afoot a plan to bring divorced and remarried Catholics back to the sacraments from which they are barred. He admits that "every intelligent human has some doubts about an afterlife." But his messages can be demanding. Visiting the U.S., he becomes a Savonarola, exhorting Americans to repent and share their wealth with poorer countries. Finally, this onetime...