Word: expansionism
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Dates: during 1970-1979
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INFLATION. Reagan stresses that inflation was caused by excessive Government spending and can be cured only by balancing the federal budget. Says he: "The main cause of this mess is not business or labor but Government-engineered expansion and pre-emption of the nation's money." Reagan would apply...
There is a lingering fear that the Federal Reserve Board will choke off the recovery by following a parsimonious money policy. The board has pledged to increase the nation's money supply by 5% to 7½% a year, but during October the money stock actually went down. Lately...
An unapologetic growth advocate, Macrae warns that America must crusade for economic expansion-by investing more, loosening environmental restrictions and breaking bureaucracies. If the world's richest nation fails, he says, the consequence may be that "half the world will remain hungry, and that half-world may blow us...
The World Football League never had a chance. Launched two years ago, the league immediately ran into problems. Teams padded attendance figures, franchises flitted from town to town, network TV contracts never materialized, and deficits zoomed to $20 million by the end of the first season. This year, following a...
Beyond these two issues, the opposing camps have been engaging in a primarily rhetorical war, with virtually everyone coming out, not too surprisingly, against crime, high taxes and of course those perennial whipping boys, the universities. When it comes to Harvard, the candidates trip over one another in their anxiousness...