Word: inflationitis
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Dates: during 1960-1969
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Misleading Margin. The biggest battle came with the Commons debate on the plan, which the Prime Minister had announced the week before, to freeze prices, wages and dividends while drastically squeezing inflation out of the economy by cutting government spending and raising taxes. Conservative Leader Ted Heath led a bitter...
Prime Minister Harold Wilson has twice led the Labor Party to victory at the polls with promises not to engage in the type of "stop-go" economic policies that he accused the Conservatives of using in their economic crises. Yet last week he held up the biggest stop sign of...
Many experts feel that Wilson may be forced to push a bill through Commons making the freeze mandatory, even at the risk of temporarily splitting his party. For if he fails in his present attempt to deflate Britain's inflation-ridden economy, he may soon be confronted with a...
For most of the year President Johnson's advisers have worked full time muting the notion that drastic action might be necessary to head off serious national inflation. But last week, as if on cue from an unseen conductor, the Administration's tune changed. From White House aides...
The U.S. could hardly overlook the fact that President Juan Carlos Ongania's new regime had been recognized by at least 41 other countries, including nine of the 20 members of the Organization of American States. The U.S. also seemed satisfied with the way Ongania was setting about the...