Word: economists
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Dates: during 1960-1969
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...worse-a sad progression toward undermining the currency," he told the Economic Club of Detroit. "The dollar is stronger than gold, but like it or not, the world no longer has the confidence in the dollar that it once had. People doubt that we can handle our own affairs." Economist Raymond Saulnier, who was chairman of the Council of Economic Advisers in the Eisenhower Administration, took sharp aim at the Johnson Administration: "When you live in a managed economy," he said, "you run the risk of mismanagement...
Gradually, McCarthy perked up as a campaigner, too. He even suggested that he play a few minutes of hockey for the cause (his supporters later distributed thousands of 70 auto windshield scrapers showing him on skates and saying "McCarthy Cuts the Ice"). Big names rallied to him. Harvard Economist John Kenneth Galbraith, who as chairman of the Americans for Dem ocratic Action helped throw the group's endorsement to McCarthy, turned up. So did Poet Robert Lowell, who told listeners that the Republicans offered no alternative because "they cannot sink and they will not swim." Actors Robert Ryan...
...understood the situation best, the spectacle was appalling. "The world is lost," said London Economist John Vaizey. "A rise in the price of gold is inevitable now. It's like a grand opera of which the overture is over, and we're in the first act of a world depression." A usually unemotional Swiss banker warned that "in participating in gold speculation, capitalists are doing their best to destroy the capitalist system. If they win the battle in London, the probability is that the whole present international monetary system will come crashing down." French Economist Jacques Rueff...
...antiwar sentiment has become something of a national obsession. An anti-U.S. Swedish Committee on Viet Nam, headed by Economist Gunnar Myrdal (TIME, March 15), claims a membership of 600,000 Swedes, nearly one-tenth of the population. Last month Myrdal's group staged a torchlight parade that brought 6,000 marchers into Stockholm's snowbound streets. In a move that is highly unusual for a technically friendly government, the marchers were led by none other than Erlander's heir apparent, Olof Palme, 41, the Education Minister. Swedish-American relations have become so bad, in fact...
...Washington-Britain's O'Brien, Hubert Ansiaux of Belgium, Karl Blessing of Germany, Guido Carli of Italy, Jelle Zijlstra of The Netherlands, and Edwin Stopper of Switzerland-favored the view that the time has come to try the "two-tier" system of gold prices that many an economist has been urging. Under the two-tier idea, the U.S. and its economic allies would continue central-bank exchanges of gold and dollars at the $35-an-ounce price. But "mercantile" gold-that which is bought by speculators and industrial users-would be left free to seek its own price...