Word: expansionism
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Dates: during 1970-1979
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>Unemployment will also rise. No one can yet foresee a business expansion vigorous enough to provide employment for all the new job seekers. They include growing numbers of youngsters reaching working age, women who think that their place is not" only in the home, and servicemen returning from Viet Nam...
Ruefully, Rinfret concedes: "That got me a lot of bad publicity." Even so, he still defends that forecast as technically accurate, because classic recessions have involved, for example, sharper rises in unemployment and declines in production than the U.S. has experienced. But of late he has vacillated. "The only way...
Into the Public Eye. Born in Montreal, Rinfret attended Maine and New York universities, won a Ph.D. in political economics from France's University of Dijon. In 1951, he joined the Manhattan consulting firm of Lionel D. Edie as a $5,750-a-year junior economist, rose to chairman...
This gigantic expansion has had significant and not always salutary economic effects. Economist Raymond J. Saulnier believes that it was a major reason why the Federal Reserve's tight-money policy took so long to slow the pace of business. Commercial paper enabled many companies to escape the effects...
simply ruthlessly and senselessly exploiting the poor and the oppressed. The word "expansion" was then seized on as a slogan and chanted again and again in mindless fashion to confuse and defame, and beyond this, it was hoped, to impress the confused and by doing so to gain increased support...