Word: inflationitis
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Where He Stands. That comment was quintessential Arthur Burns. Around the White House, he has tirelessly preached the virtues of steadiness in Government policy. His favorite slogan for almost any situation is "Don't panic." He has written that "we need to learn to act, at a time when...
In view of his steadiness and stubbornness, it is paradoxical that Burns' principal advice to Nixon lately has been that the Government has to create economic "uncertainty." Burns believes that inflation can be stopped only if the Government persuades businessmen and consumers that prosperity is not necessarily perpetual and...
Some high Administration officials have come closer than ever before to saying that recession may be the price of curbing inflation. At a meeting of the Business Council in Hot Springs, Va., Treasury Secretary David Kennedy predicted last week that in early 1970 there will be a decline in real...
By contrast, Bill Martin over the years has been much more worried about the perils of recession. Martin's real hallmark at the Federal Reserve was a willingness to switch from easy-to tight-money policies and back again as he thought the situation required. He cooperated with the...
Impetus to Inflation. Toward the end of Martin's tenure, the Federal Reserve became rather too flexible. Between late 1966 and mid-1967, for example, it swung from expanding the money supply at a 1% annual rate to letting it grow at a 13.5% annual rate, then tightened it...