Word: inflationitis
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Dates: during 1960-1969
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The Johnson Administration is clearly losing its campaign against documentary inflation. Despite the President's orders to curb what he calls "paperwork run wild," the new agencies, new projects and new functions of the Great Society are piling up Himalayas of foolscap. The House Subcommittee on Census and Statistics...
What most sets the current session apart is a heightened sense of politics. With elections coming up in November, Congressmen have grown understandably edgy not only about Viet Nam but also over inflation and the possibility of tax increases. Congressional Republicans, who wholeheartedly back the U.S. objectives in Viet Nam...
Initially, the Buddhist-inspired demonstrations in the I Corps area and Saigon were mild and orderly. But the unrest spread steadily, drawing up the civil servants, the military, laborers-all disaffected by South Viet Nam's galloping inflation and wartime insecurity, by wild rumors and even by the growing...
Sweden is already troubled by inflation. Prices jumped 61% last year, partly because wages have been going up between 8% and 11% a year since 1955 and productivity has not kept pace. Predictably, prosperity at home sucked in an 11% increase in imports last year, while exports gained a mere...
Apart from inflation at home, which seemed to preoccupy Washington last week, the U.S.'s most stubborn economic problem of 1966 is proving to be its eight-year-old balance of payments deficit. Directly or indirectly, that deficit-the excess of dollars spent abroad over dollars earned there-has...