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...world's strongest economies simultaneously get into such a mess, and what can they do to dig themselves out? The antidotes to inflation have proved peculiarly elusive because the causes are deep and pervasive?and often unrecognized. Crop failures, bloated Arab oil prices and bumbling government strategies are only contributing causes; most likely there would have been serious, if not double-digit inflation without them. Indeed, Chiaki Nishiyama, one of Japan's leading economists, asserts that "inflation is an integral part of economic growth." Though his statement implies a hopelessness that cannot be accepted, he has a point. Inflation...

Author: /time Magazine | Title: INFLATION: Seeking Antidotes to a Global Plague | 4/8/1974 | See Source »

...authorize construction. In the process, he probably forfeited his hopes for the presidency. "Clinton, the federal son of a bitch/ Taxes our dollars to build him a ditch," ran one barroom refrain. The canal was variously dubbed "Clinton's Folly," "the Governor's Gutter" and "that damfool dig." Yet it was an immediate success, opening new cities and industries with every section, returning in tolls and levies its $7 million construction cost in less than ten years of completion. It proved one of the most profitable ventures in the nation's history, and even the original skeptics...

Author: /time Magazine | Title: Books: Big Ditch | 4/8/1974 | See Source »

Some former students occasionally dig out their old seminar notebooks for insight into Kissinger's current policies...

Author: /time Magazine | Title: The World: Kissinger's Old-Boy Network | 4/1/1974 | See Source »

...dig is under the direction of George M.A. Hanfmann '38. Hudson Professor of Archaeology...

Author: By Jeffrey D. Dunn, | Title: Two Foundation Awards Finance Science Projects | 3/29/1974 | See Source »

Hanfmann said yesterday that the Sardis dig "has been called the most important archaeological excavation of this century." He said the ancient capital of Turkey was significant because it served as a link between Mediterranean and Near-Eastern cultures...

Author: By Jeffrey D. Dunn, | Title: Two Foundation Awards Finance Science Projects | 3/29/1974 | See Source »

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