Word: inflationitis
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Dates: during 1960-1969
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The decision is not an easy one. Some economists believe that if Johnson refuses to raise individual and corporate income taxes to cool the war-heated economy, severe inflation will result.
Three Questions. Economics aside, the President's decision-right or wrong -could seriously impair his chances of re-election in 1968. That is nobody's fault but his own. Johnson could have -and, most economists agree, should have-requested a tax increase early this year, when it was...
Drags & Dividends. If, as Heller expects, the economy should keep growing annually at its present 41% rate, federal tax revenues will swell by $9 billion every year, and that will present a new problem of prosperity. Once the demands of Viet Nam are over, this surplus will be a "fiscal...
Those in Washington now arguing against a buildup to the 750,000 level do not fault Saigon's reasoning. Rather they insist that the fragile South Vietnamese economy, already inflation-plagued, cannot absorb so massive an additional infusion of Americans. "It would be like putting 2,000,000 men...
Chances are better that inflation will slow down, that money will loosen, and taxes will not go up. The American people want to curb Government non-defense spending, and federal and local legislators will have to oblige them. While the recently passed Great Society programs will not be jettisoned, new...