Word: falterer
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...that maintain the equilibrium of a free economy. In recent Keynesian years, economists have boldly tried to fine-tune the economy with their own hands. For a while in the 1960s, their experiments seemed to work wonders. Steady growth was achieved without intolerable inflation. Subsequently, their hands began to falter as they clearly lost control. With a modesty not previously associated with their profession, economists admit that, in the words of Federal Reserve Chairman Arthur Burns, "The rules of economics are not working quite the way they used to." Until they learn what causes the modern economy...
...House could leak a news story on why the leaking of Government secrets is bad. Dean seemed to falter only under the persistent and skillful grilling of Senator Gurney...
Unable to sustain its present scorching pace, the U.S. economy will begin to falter in the second half of this year and then slow drastically in 1974. That in essence is the opinion of TIME'S Board of Economists, evolved at a daylong meeting last week that turned into a kind of advance obituary of the present boom...
...Chances that the present spending orgy will falter soon are remote. Employment, wages and dividends are up, and personal income is expected to swell to $1 trillion in 1973. Increased Social Security benefits will pour an extra $32 billion into the spending stream this year. The Internal Revenue Service is in the midst of refunding an estimated $22 billion to taxpayers. This is an increase of between $5 billion and $8 billion over a "normal" year because the Government withheld too much from paychecks last year...
Only in 1964 did the machine falter. The county joined LBJ's landslide victory over Barry Goldwater. Nether Providence, a township just south of Media, did not join the festivities. Goldwater won big there, as did Nixon in 1960, 1968, and 1972. The machine in Nether Providence clicked, whirred, and continued to hum, smoothly functioning as it is today...