Word: free-market
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Administration is just as divided and uncertain as it has been all along in its foot-dragging approach to the energy problem. Interior Secretary Rogers Morton has said that there is a good chance that gasoline rationing will be in force by January. Treasury Secretary George Shultz, a free-market advocate who is an Implacable foe of all controls, vigorously opposes rationing except as a "last resort," arguing that people are overreacting to the crisis. Shultz prefers to pile on taxes to curb consumption. One certainty: a fuel tax would add substantially to already oppressive living costs...
...free-market" coupon system, in which drivers could trade or sell their ration coupons to one another. Such a system could be managed by a relatively small bureaucracy, and fewer people would be attracted to black marketing...
...past five weeks alone, prices have gone up 10%. The value of other precious stones have had similar increases. At the retail level, heavy gold bracelets have risen no less than 100% and slim gold bands some 67% in the past year. A major reason is that prices of free-market gold have almost doubled since mid-1972, to $120 or more an ounce...
...Marxist renaissance is a peculiar phenomenon. By any empirical standard, Marx's major prophecies-such as Communism's triumph over capitalism or the outbreak in industrialized societies of the workers' revolution-have proved false. No economy based on his teachings has approached the efficiency of a free-market system, and governments that tried to enforce his Utopian views have been compelled to rely on totalitarian methods. Nonetheless, Europe's expanding middle class is discovering to its horror that its sons and daughters are increasingly hostile to industry, "the System" and even to the established left...
...shipments, which is regulated by the Federal Power Commission, has never been allowed to surpass 34? per 1,000 cu. ft. But if Congress votes to deregulate natural-gas prices in new contracts, as Nixon proposed, the economists expect prices eventually to rise much closer to their current free-market level in intrastate shipments. Recently, that has been as high as 560 per 1,000 cu. ft.-or 65% higher than the regulated price...