Word: expansionists
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Dates: during 1960-1969
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Expansive French. Even the French, whose intransigence has been a leading obstacle to monetary reform, seem less likely to give trouble this year. With the country expected to pursue a more expansionist domestic economic policy now that doctrinaire former Premier Michel Debré has replaced Valéry Giscard d'Estaing as Charles de Gaulle's Economics and Finance Minister, the French will presumably run a smaller trade surplus. If so, France will have fewer dollars to trade for U.S. gold-and should be more inclined to reach an accommodation with the rest of the West...
...John Maynard Keynes was confident that he had laid down a philosophy that would move and change men's affairs. Today, some 20 years after his death, his theories are a prime influence on the world's free economies, especially on America's, the richest and most expansionist. In Washington the men who formulate the nation's economic policies have used Keynesian principles not only to avoid the violent cycles of prewar days but to produce a phenomenal economic growth and to achieve remarkably stable prices. In 1965 they skillfully applied Keynes's ideas?together with a number of their...
...slide, of course, is not what the U.S. Government's economic managers have been worrying about in 1965; they have been pursuing a strongly expansionist policy. They carried out the second stage of a two-stage income-tax cut, thus giving consumers $11.5 billion more to spend and corporations $3 billion more to invest. In addition, they put through a long-overdue reduction in excise taxes, slicing $1.5 billion this year and another $1.5 billion in the year beginning Jan. 1. In an application of the Keynesian argument that an economy is likely to grow best when the government pumps...
Confronted by soaring demand, rising costs and strained capacity-inflationary factors encouraged by the Administration's expansionist policies-businessmen feel squeezed between the irresistible laws of supply and demand and the immovable determination of Lyndon Johnson to keep a lid on prices. What the Administration seems to be demanding is restraint on a staggering scale, under loose rules and without force of law. Such indirect controls are difficult to administer and impossible to police equally; it remains to be seen how firmly the Administration will handle the next big wage-hike bid. But the message to business is clear...
...would still be unwilling to support the war if we felt that a Vietnamese Communist government could maintain any semblance of independence. But we do not see how a Vietnamese Communist government could stay free of a declaredly expansionist China. Could it hope to protect the "rice bowl" of South Vietnam against a country which recently had to spend millions of dollars buying "Canadian wheat? China has marched it army to the borders of a country as well-befriended as India. Sihanouk, whose country has no border with China, fears its domination. Marshal Lin Pao's recent manifesto unabashedly admits...