Word: inflationist
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Currently, he said, the trend in the United States has been to propose an inflationist theory, one which explains quantum mechanics within the framework of relativity. Working across the Atlantic, Magueijo proposed a change...
...year job ends on Jan. 31, and by law he cannot be reappointed. Last week President Nixon announced his choice as successor to Democrat Martin. The new economic maestro is Arthur Frank Burns, 65, a self-described "moderate Republican," a longtime close aide of Nixon, and a stubborn anti-inflationist. For at least the next four years, the nation's money and credit policies will bear his stamp...
...drive to transform his country into a disciplined and modern society, Castello Branco has increasingly avoided Congress and simply started decreeing laws in what a top U.S. diplomat calls "an orgy of Calvinistic legislation." Calvinistic it may be, but it is a badly needed antidote for the orgy of inflationist and frequently pro-Communist legislation that Brazil's past governments have so often championed...
...October and a presidential election next year; his revolution, he says, "is not afraid of the ballot box." But because Castello Branco has a scruple against outlawing the opposition, one of the contenders for votes will be the Brazilian Labor Party, the power behind the inflationist, leftist regime that Castello Branco overthrew last year. The President is counting on electoral courts to use the new Ineligibilities Law to keep off the ballot candidates that he considers genuinely undesirable...
...Noting declines in industrial expansion rates and stock-market prices in the U.S., Sweden's Per Jacobsson, managing director of the International Monetary Fund, told the World Bank-IMF conference that the U.S. "has arrested its inflation" (see BUSINESS). And Harvard Economics Professor Sumner H. Slichter, a "limited inflationist," noted critically that in putting "stability ahead of growth," the Eisenhower Administration had made "the most important economic decision since the Roosevelt Administration decided to aid workers in bargaining with employers...