Word: help
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Dates: during 1960-1969
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...than a mild or brief recession would damage Republican chances of winning more Senate and House seats in next November's election. It will avail Nixon little politically to blame inflation on the Johnson Administration, even though Lyndon Johnson's failure to ask for higher taxes in 1966 to help meet Viet Nam costs is a major source of today's problem. Some congressional Republicans believe that Nixon will arrange to relax the money squeeze well before ballot time. But at least one of the President's most trusted advisers has counseled him to risk unpopularity in 1970 and concentrate...
...Federal Reserve tinkers constantly with the money stock, much to the distaste of Friedman, who advocates a policy of moderate, steady expansion. For example, the board expands the supply during periods of peak demand, as it did to an extreme degree to help the Treasury finance its huge deficit in fiscal 1968. Through the same kind of maneuvering, the board tries to smooth the ups and downs of the business cycle. Friedman
...American, though not quite in the way that he advocates. Friedman would abolish most other types of aid to the poor and substitute the income guarantee. It would provide direct cash grants that poverty-level families could spend any way they pleased. He argues that most current programs to help the poor either wind up aiding the better-off instead or place humiliating restrictions on what the poor can do with the money they...
...recipe for economic reform, and he calls for an end to many politically sacred Government programs. A sampling of his ideas: FOOD STAMPS. "There is nothing you can do with stamps that you cannot do better by giving people money. The real drive behind food stamps is not to help the poor; it's to dispose of farm surpluses." Friedman calls the farm-subsidy program, which piles up huge surpluses in grain elevators, "a free-lunch program for mice and rats." PUBLIC HOUSING. "It was instituted in the 1930s to improve the housing of the poor, give the poor...
...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 over the world, the predominant source of great increases in private fortunes over the past several decades has been Government privileges." For example, the issuance of radio-TV licenses is "an enormous giveaway of valuable capital sums to individuals who are not low-income people." Friedman also holds that the Federal Communications Commission...