Word: inflationitis
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Dates: during 1960-1969
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THE big riddle of inflation is growing steadily more perplexing. The question is not whether, but when, the overexuberant economy will be brought under control again by tight money, higher taxes and a surplus in the federal budget. Last week Paul W. McCracken, chairman of the White House Council of...
The most important harbinger of gains against inflation was an easing of the high interest rates that have been increasingly pinching borrowers this year. The decline reflected a drop in corporate demand for loans to finance expansion and inventory accumulation, which in turn appeared to reflect a lessening of the...
Unions usually get most of the blame for inflation in building costs-and much of the blame is merited. Labor has pressed the fragmented construction industry into huge pay boosts. In the twelve months ending last June, construction labor won wage and fringe gains averaging 10%-or 55? an hour...
Last week a group of top corporate officials resolved to confess, repent and reform. They formed the Construction Users' Anti-Inflation Roundtable -quickly nicknamed "Roger's Roundtable" because it is headed by Roger M. Blough, retired chairman of U.S. Steel. It includes executives of General Motors, Standard Oil...
The attack is long overdue. Economist Smith says industrial plants recently finished have cost up to 25% more than similar plants built a year ago-a stunning rate of inflation even for the construction industry. These increases eventually are reflected in the prices of goods sold by the new factories...