Word: directionality
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Dates: during 1970-1979
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Along with the other incentive economists, Feldstein argues that the Government is trying to do too many things that it either cannot do efficiently or that people can do better for themselves. That, of course, is a direct affront to Keynesian doctrine. Beginning in the mid-1930s, Establishment pillars of the dismal science have propagated Keynes' captivating notion that governments could tame beastly economies, making them stand up and jump through hoops. His prescription succeeded in lifting Western countries out of the 1930s Depression that had been triggered by an almost complete collapse in demand both...
Though the organizational network is loose and right-wing groups must compete with each other for contributions, the leaders often confer on policy and tactics. Frequently the host is Richard Viguerie, 45, the direct-mail conglomerateur whose enterprises in Falls Church, Va., are expected to gross nearly $20 million this year. Viguerie, who said last week that he will work for the John Connally campaign, is at once an adviser, technician and promoter for the New Right. In his mass mailings and monthly Conservative Digest-an indulgence that ran up a $1.5 million loss last year-Viguerie plugs the newest...
Didion's novels (Play It As It Lays, A Book of Common Prayer) are less interesting than her collections of magazine pieces; paradoxically, the novels do not exert the dramatic force of her journalistic essays. Didion is best when the literary transaction is personal and direct, when she is a live character reporting her own wanderings through the splendidly strange California of the late '60s and the '70s, a California that elaborately belongs to her because it is in part her own invention, like the persona that describes...
Soaring oil costs not only boost inflation but also act as a direct tax on U.S. consumers, draining buying power from the domestic economy...
...times. The magazine's New Journalism brought the techniques of the novelist to matters of fact-profiles were not concentrates of fact gathering but freewheeling, pinwheeling displays of the author's prejudices. Tom Wolfe and Gay Talese could be wonderfully readable ("I don't deal in direct quotations," explained Talese, "I'm into what people think"). Meanwhile, Esquire's black-humor covers became intentionally outrageous, such as posing a benign Lieut. William Calley with a group of Asian children. The magazine's basic outlook, said Harold Hayes, one of its best editors...