Word: inflationitis
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Dates: during 1960-1969
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Inflation struck a series of exasperating blows at consumer pocketbooks last week. Manufacturers posted higher prices for autos, appliances and coffee, and the Government granted the nation's airlines an increase in fares.
The U.S. consumer might think that there is no end in sight to runaway prices. Yet last week Chairman William McChesney Martin Jr. of the Federal Reserve Board told Congress that the nation is "at the tail end" of its siege of inflation. "We're making slow and steady...
Every week that passes without firm evidence of impending victory in the war against inflation intensifies the debate over the Nixon Administration's economic strategy. As the debate grows louder, it also grows more confused. Milton Friedman and other "monetarist" economists warn that the Federal Reserve Board may already...
Plea for Pity. Some of the most disputed figures are those on the growth of the nation's money supply. Washington's fundamental strategy for halting inflation is keyed to keeping that growth down. Federal Reserve statistics computed in the traditional manner show that the money supply, which...
The sudden devaluation of the franc last month won wide admiration as a model of deft financial maneuvering. But its ultimate success depends on the follow-through-whether or not France can curb inflation before the trade ad vantages of a cheaper franc are frittered away in rising prices. Last...