Word: haved
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Dates: during 1960-1969
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Nixon's difficulties are complicated by the fact that the Republican Administration and the Democratic-controlled Congress have hit an impasse on fiscal policy. The President has trimmed $7.5 billion from the federal budget that he inherited from Lyndon Johnson and ordered reductions in Government construction. Congress has consistently voted...
One consequence, in Friedman's view, was that John Maynard Keynes concluded that monetary policy had only a limited impact on economic trends. That led him to underrate the money supply as an economic regulator. Friedman maintains that Keynesian economists made the same error for decades afterward?and indeed, that...
Friedman's fact-laden criticisms of the Federal Reserve have considerably undermined its once sacrosanct standing as the arbiter of U.S. monetary affairs. Mindful of his formulations, the Congressional Joint Economic Committee has been pressuring the board to expand money supply at a rate of between 2% and 6% a...
Friedman's controversial opinions range far beyond his evaluation of the Federal Reserve. He propagates them tirelessly in books, in classrooms, in testimony before congressional committees, in private chats with policymakers, and in a triweekly column for Newsweek. Last week he left his Vermont mountaintop retreat, where he customarily spends...
(7 of 10) High-income people come off better. If you have property, you get the benefit of this, plus social security. The system redistributes income from the young (rich or poor) to the old (rich or poor). I think we ought to help the poor indiscriminately." GOVERNMENT PRIVILEGES. "All...