Word: inflationitis
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Dates: during 1960-1969
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You point out that misdemeanor cases in many states now take only a few minutes, and that "to require lawyers might inflate them into regular trials." We feel that this is a desirable kind of inflation, since a defendant in a misdemeanor case in Massachusetts can be imprisoned for as...
The inevitable result was that, after six years of healthy, balanced growth, the pleasures of expansion turned into the pangs of inflation. Consumer prices pushed up 3.6% and industrial production expanded by an unsustainably high 8%. Striving for stability, the Government put its reliance largely on one weapon: the manipulation...
Opportunity Lost. It is now clear that a chance was missed in 1966. It was a year when the transitory requirements of politics prevailed over the laws of economics. Early in the year, before inflation became acute, President Johnson might have used all three basic tools that have been popularized...
The trouble began late in 1965. Demand started to gallop far ahead of the nation's supply of skilled labor and its capacity to produce, setting the stage for a classic "demand-pull" inflation. Economists say that inflation occurs when prices rise 2% a year or more, which often...
The reasons for the foreigners' return start with Castello Branco. While he has slowed but by no means halted inflation (the cost of living is up 39.5% this year), he has demonstrated an encouragingly tough-minded intent that investors do not think will be reversed. The cruzeiro's...