Word: inflationitis
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Dates: during 1960-1969
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A Call for Controls. The meeting took place amid increasing signs that businessmen are growing pessimistic about the chances that the Administration's strategies of tight money and budget surplus will actually stop inflation. The latest economic statistics indicate that the policies are indeed slowing the economy. Corporate profits...
All this turmoil indicates that the Administration is beginning to face an economic credibility problem, though not of the sort that it has been talking about. Nixon men have said that they are having trouble convincing business, labor and consumers that the Government will stick to its prescribed anti-inflation...
THE burden of inflation, President Nixon has often said, falls heavily upon the poor, "who are largely defenseless" against price increases on the necessities of life. That view is seldom questioned by politicians, but a growing coterie of economists has lately come to regard it as a misleading oversimplification. Affluent...
The Poor Price Index. Actually, price increases are less painful for the poor than for the middle class and wealthy, the two analysts maintain. They have rejiggered the figures in the Government's consumer price index, which is largely based on middle-class spending patterns, to construct a "poor...
This thesis impresses many eminent economists. Says Walter W. Heller, former chairman of the President's Council of Economic Advisers: "I think we have to be very, very careful in suggesting that inflation is the enemy of the poor. It may be their friend in employment terms." Some Government...