Word: inflationitis
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Dates: during 1960-1969
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So inflation--the discredit in front of the public eyes of those fake reformists--disorder out of demogagery and corruption--made the military intervene to reestablish law and order. But as very often happens, as soon as the military was in power they forgot about their previous commitments and there...
In his holiday greeting to his 110,000 employees, Industrialist Alfried Krupp could not resist a reference to West Germany's economic woes and a sober prophecy that 1967 "will not bring any relief." It was a message that all of his countrymen could ponder: after years of heady...
Days Off. Behind the threat of recession lies the reality of inflation. For years, West Germany's unchecked economic boom resulted in a spending spree on the part of consumers and government that kept prices moving steeply upward. To make sure that it could keep pace with demand, German...
Stop-&-Go. Chancellor Kurt Kiesinger's new coalition government, fretting more about the possibility of recession than about the pressure of inflation, last month called on Karl Blessing's constitutionally independent Bundesbank to implement a "decisive relaxation of credit restrictions." That approach failed to win Blessing's...
Hoping that Blessing will agree to easier money when the Bundesbank's council meets this week, the Kiesinger government has given repeated assurances that it will push hard for a stabilization law establishing budgetary controls. Meanwhile, the country's economic woes are bringing about other much-needed changes...