Word: inflationitis
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Dates: during 1960-1969
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Eastern Europeans love to acquire dollars as inflation hedges and status symbols, but few of them are familiar enough with U.S. currency to spot the fakes. So forgers are indulging in such crudities as adding a zero to single-dollar bills to make them tens, and changing other bills into...
Off the Wall. A new wave of walkouts in the fall could weaken the economy just when there was widespread hope for a vigorous upturn. On the other side of the coin, lavish labor settlements, coming on top of undiminished spending for the Viet Nam war, would surely add to...
If Mobutu succeeds in getting Tshombe, he will then have to find a new scapegoat for the Congo's troubles. Despite his talk about economic reform, he has so far failed to rein in the Congo's debilitating inflation or spur industrial growth. What he has done, however...
Among industrial nations, Austria's schilling (down 2.1%) was last year's most stable currency, and Denmark's krone (down 6.9%) the least. The purchasing power of the U.S. dollar sank 2.8% last year, but its performance during the 1956-66 decade was better: it eroded by...
When the annual step-by-step reductions begin next Jan. 1, U.S. consumers stand to pay lower prices for many imports-if inflation and middlemen do not soak up the tariff savings. The wholesale price of a $300 Japanese motorcycle will decline to $297 in 1968, finally level out at...