Word: inflationitis
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Dates: during 1960-1969
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Grounds for Pride. The truth appears to be that Johnson, however adept at the arts of suasion and compromise, is ill at ease with persistent, complex issues that are not susceptible to activist solutions. Yet the President has good reason to be gratified. The burst of inflation that dismayed economists...
In some ways, Hanoi is even prospering. A good rice crop after two mediocre ones has put more food in the shops, and people look well-fed. Uncle Ho's austere example in private dress is losing emulation: Hanoi women are beginning to blossom in bright, gaily patterned blouses...
The problems are mostly about pay, not politics. "The wage rate," says one RMK-BRJ official, "is the most explosive issue facing this outfit." Surprisingly, the combine wants to pay more but cannot. The wage lid is being held down tight by both the U.S. embassy and the Vietnamese government...
What the the thrifty American? He is saving less and spending more. Much to the consternation of financial experts, the rate at which the public socks away its after-tax income fell from the normal 6% to only 4.8% during the first three months of 1966 #151; tge lowest levels...
Heath will succeed Walter W. Heller, former chairman of the President's Council of Economic Advisers, as Godkin Lecturer. At Harvard last March, Heller call- ed on President Johnson to raise taxes to stave off inflation. In his last lecture, the University of Minnesota professor outlined for the first time...