Word: impactions
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Dates: during 1960-1969
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...tumultuous '60s draw to a close, TIME'S various departments this week present their summation of the "Top of the Decade"-the ten events in each area that seem to us to have had the greatest impact or to symbolize the most important events. We hope that readers will be intrigued by-even if they may occasionally disagree with -the judgments of our editors and critics...
Johannes Metz, a German Roman Catholic theologian-of-hope who is working with Moltmann on a new book of political theology, makes a similar assessment of the Christian impact on the world. "The secularity of the world, as we see it today in a globally heightened form, has fundamentally arisen not against Christianity but through it," he writes. "It is originally a Christian event." So is it also, in a strikingly different way, in the thinking of Roman Catholic Theologian Gregory Baum. In a study called Man Becoming, to be published next spring, New York-based Father Baum perceives...
...outright controls. His policy coincides with Friedman's fundamental ideology?a strong aversion to Government interference?and places great emphasis on lower federal spending, as well as the monetary measures that Friedman has illuminated and popularized. Manipulation of the money supply operates indirectly on the economy, but its impact is ultimately massive and touches the lives and fortunes of nearly everyone...
...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 many still do today. In reality, Friedman argues, the Federal Reserve in the 1930s had ample power to prevent the monetary contraction. "Had the facts been as Keynes assumed them to be," Friedman has written, "I could not hold the views I do about the role of money. Had Keynes recognized...
Iago and Clive. Following the four boys and the colonel, the author explores the minds of troubled youth and the sexual and emotional problems of their parents. He also probes the impact of such contemporary events as the Viet Nam War and the cultural anomie that characterizes today's generation gap. In the hands of Clive, even the philosophical jargon of youth becomes a powerful weapon. "The Turks like things broken and helpless. Destruction is a form of possession," he observes in an Iago-like attempt to dominate the inquisitive colonel. "War is the great sexual game. You could...