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...dramatize the issues, provide the example, and spend its money in new ways that release private energies on a far greater scale. Ideally, it could also set a new standard for federal officials' performance. Promotion and pay raises might well go mainly to officials who liquidate their programs fastest and release more money for new federal efforts. The goal should be to enlarge federal leadership and contract federal bureaucracy at the same time...

Author: /time Magazine | Title: Nation: What the Government can do | 1/24/1969 | See Source »

...last year's ten fastest-growing funds, only four exceeded $10 million in assets. Fastest rising was the Neuwirth Fund, which has assets of $94 million and achieved 90% growth. In 1967 -a year in which it was hard to do badly-Neuwirth grew 300%. But 1968, as 36-year-old Manager Henry Neuwirth says, "was more on the selective side." Neuwirth selected a number of long-depressed insurance stocks (CNA Financial, Safeco) early in the year, then rode them up as insurance companies became sought-after merger candidates...

Author: /time Magazine | Title: Mutual Funds: How They Fared | 1/24/1969 | See Source »

Europe's Fastest-Moving Economy...

Author: /time Magazine | Title: Business: A SOCIETY TRANSFORMED BY INDUSTRY | 1/17/1969 | See Source »

Powered by industry, Italy's economic expansion has been the fastest in Europe and second in the world only to Japan's. In the past three years, production of goods and services has risen an average 5% a year, to $72 billion in 1968, and is expected by the European Economic Commission to gain another 6% this year. It is true that Italy is growing fast partly because it has considerable catching up to do; Italy's economy remains one-twelfth as big as the U.S.'s economy and half the size of West Germany...

Author: /time Magazine | Title: Business: A SOCIETY TRANSFORMED BY INDUSTRY | 1/17/1969 | See Source »

...rely too much on fiscal regulators-that is, on changes in taxes and federal spending. Consequently, they underrate the influence of monetary policy, notably changes in the quantity of money in circulation. Of all the economic tools at the Government's disposal, insists Friedman, the most important and fastest-acting by far is regulation of the money supply. Over the short run, the money supply indirectly controls the growth rate of the economy; in the long run, it governs how quickly prices rise or fall...

Author: /time Magazine | Title: Business: THE NEW ATTACK ON KEYNESIAN ECONOMICS | 1/10/1969 | See Source »

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