Word: inflationitis
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Dates: during 1960-1969
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Nonetheless, President Johnson's concern for the economy was evident in his repeated references to it last week. Sounding the theme that the U.S. could have its boom and beat inflation too, he warned: "We must be alert to assure that the pace of our advance does not become...
High Society. Actually, there can be no solution without a measure of political risk. In a joint press conference last week, Senate Minority Leader Everett Dirksen and House Republican Leader Gerald Ford predicted that the economy would rank "right up at the top" as an election issue, went on to...
Critics of Prouty's proposal denounced it as fiscal profligacy. Florida Democrat George Smathers warned that it would "feed the fires of inflation." Asked Rhode Island Democrat John Pastore: "How can we have our cake and eat it too?" Long, who acted as floor manager for the Administration tax...
> In Guatemala, after three years of military government, Strongman Enrique Peralta permitted more than 450,000 Guatemalans to go to the polls and in a free and open election reject two military candidates in favor of a civilian: Julio César Méndez Montenegro, 50, leader of the...
By every logical standard, inflation should be strong tonic for the stock market. But the market is not logical, and ever since inflation began to loom large, it has retreated in fright. The Dow-Jones industrial average has fallen almost 70 points since early February, and last week, in a...