Word: inflationitis
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Dates: during 1960-1969
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No one knows better than President Johnson that his Administration's fight against inflation so far has been patchwork. Last week, announcing the latest in a series of anti-inflation moves, the President rather ruefully told newsmen: "As we say down on the farm, 'maybe we ought to...
Bonds. Johnson disclosed Treasury plans to sell a new savings certificate to individuals. Treasury Secretary Henry Fowler said that the new certificate will offer a "much higher rate of interest" than the 4.15% paid on present savings bonds. But buyers may have to hold the certificates for 18 to 24...
President Johnson may need a Jot more baling wire if he is finally to bring inflation under control. Among signs of continuing inflation last week were auto price increases (see following story) and the consumer price index, which rose in August another four-tenths of a percent to a record...
100 Years of Gospel. Lekachman retells the major elements in the development of a genius: the patrician upbringing, the early triumphs at Eton and Cambridge, the cocksure rise in the British Treasury, the friendships with Virginia Woolf and E. M. Forster, the prolific outpouring of books, each more imaginative and...
All these portents helped, but what really gave the market its momentum was President Johnson's better-something-than-nothing moves to battle inflation, primarily suspending the 7% tax credit for business investment. Nobody knew precisely what benefits