Word: inflationitis
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Dates: during 1960-1969
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At an interesting watershed for the much manipulated U.S. economy, two of the nation's most prestigious economic voices last week prescribed the same course-for widely differing reasons. Gardner Ackley, chairman of the White House Council of Economic Advisers, and William McChesney Martin, chairman of the Federal Reserve...
As millions of families who tried to buy or sell a house last year learned to their dismay, mortgage credit is something like an umbrella that collapses when it rains. Three times since 1950, the output of new housing has dived after the Federal Reserve tightened up on money to...
Despite the proportions of Eshkol's victory, it brought Israel no more than a brief period of political peace. Hard after the elections came the first signs that the economic boom was ending. At first, Eshkol was in full control, correctly arguing that Israel would simply have to learn to...
Even Trowbridge concedes: "Someday the merger of Labor and Commerce will happen, but not before the 1968 election." And he adds: "The merger is a darn good, practical thing." Essentially, such a superdepartment would eliminate wasteful duplication. Until that uncertain day, he will have his work cut out for him...
But what the University did not acknowledge is that the same inflation which steadily increases building costs for Mather House is also driving up the already-high prices that teaching fellows must pay to survive in Cambridge. Rents in the Harvard area are particularly exorbitant. If the University is under...