Word: gameplan
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Dates: during 1970-1979
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What else can be done by Burns' Federal Reserve? It can scarcely expand the money supply much faster without risking a still greater surge of inflation. Burns is all too well aware that the Administration has failed to accomplish its prime gameplan assignment of keeping the budget in balance. And by not holding down its own spending, the Government has contributed to the demand that has been driving prices skyhigh. By not collecting enough taxes to pay its bills, it has failed to set a psychologically important example of belt tightening for business, labor and consumers. By not avoiding deficits...