Word: inflationitis
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Dates: during 1960-1969
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CAREENING toward a pre-Christmas windup of its year-long session, what may be the most delinquent Congress in U.S. history last week took time out for a classic confrontation between legislative and executive branches. The issue was inflation.
Two weeks ago, the President bitterly attacked Congress for its inflationary tendencies and threatened to veto the "Christmas tree" tax bill. Last week he added the massive Labor and Health, Education and Welfare appropriations bill and a relatively minor coalmine-safety bill to his possible veto list. Said Nixon in...
In the decade that opens next month, thoughtful business leaders realize they face responsibilities that go beyond the traditional definition of business, and they seem ready to do more than merely pay lip service to them. Next to inflation, recession and the need to end the Viet Nam War, the...
INFLATION is no laughing matter, but the prices of so many products have risen in 1969 that some Pittsburgh newspapermen have concocted a new game based on inflationary psychology. According to them, it now takes three to tango, four's a crowd, and that favorite song of a few...
The pastime is a wry reaction to a far more serious numbers game. As fast as incomes rose, the price of necessities seemed to rise even more steeply in 1969, and few wage-earners felt that they were better off than when the year began. An inflation sampler: