Word: inflationitis
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Dates: during 1960-1969
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While a President's impact on a midterm election is always hard to assess, Johnson could hardly absolve himself of blame for the Democrats' reverses. His performance the week before the elections was probably the least attractive of any during his three years in office. He trotted Defense Secretary Robert...
Vexation with Taxation. In Iowa, where a similar L.B.J. intervention failed to persuade Democratic Governor Harold Hughes to take on G.O.P. Senator Jack Miller, Hughes, an ex-truck driver and reformed alcoholic, easily won re-election over Republican William G. Murray, an Iowa State University economics professor; nonetheless, Hughes-imposed...
Key to the whole Sik reform is prices. "If the system is to work as a market," says Sik, "it needs real market prices." Only a few staples-mainly foodstuffs and fuel-will have centrally fixed prices. All others will be allowed to move freely in response to supply and...
The Lure. Many economists warn that the fast wage pace must be slowed if European prosperity is not to be seriously undermined by inflation. Europe, nonetheless, has made the same transition to a worker-boosted consumer economy that the U.S. made in the years that followed the wars. And the...
But there is a potential threat to Stevenson's election. It springs from the popular dissatisfaction, which faces every Democrat now running for office in Illinois. Resentment over the war and inflation account for part of this feeling but most of it stems from the Civil Rights Movement. Last summer...