Word: inflationitis
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Dates: during 1960-1969
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Since wages and prices are also rising-including a 2% increase in farm prices in August-many economists are beginning to worry that the stage may be being set for a recession that will follow on inflation's heels. Some of the building blocks that have historically marked recessions...
Don't Rock the Boat. To challenge the President, the G.O.P. has neither a figure of sufficient national stature nor an issue that is sufficiently foolproof. "Viet Nam, inflation, high interest, violence-these are the issues of 1966," cries House Republican Leader Gerald Ford, but the fact is that...
With unemployment at a low 3.9% and factories straining at 93% of capacity, neither business nor labor shows much sign of adopting self-restraint while Washington continues to stoke inflation by spending money it doesn't have. "Industry has no choice other than to pass along higher costs, of...
Among economists, the air is now full of I told you so's. Says Neil Jacoby, dean of U.C.L.A.'s Graduate School of Business Administration and a former member of the President's Council of Economic Advisers: "A year ago, many of us foresaw price inflation of...
With the foreign-tourist season nearing an end, Italians themselves were vacationing. On a single August weekend, more than 1,000,000 Romans had deserted the Eternal City, Milan had been depopulated by 700,000, and Turin by 350,000. And as they lolled on beaches or hiked up mountain...