Word: inflationitis
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Dates: during 1960-1969
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FOR most of his young Administration, Richard Nixon has seemed the artful juggler, tossing up fragile plates of policy into mischievous air currents. War and inflation threaten to spoil the performance. A Democratic Congress stands ready to harass him. To those who elected him, there are promises to keep; from...
The Federal Reserve Board moved again last week to curtail the credit supply by proposing reserve requirements for Eurodollars. Board members want to stem the flood of those dollars that banks have been importing from European branches by the billions and then lending out. The Federal Reserve has misread the...
Criticizing Nixon. Any cooling will be particularly welcome to President Nixon, who is beginning to bear the blame in the public's mind for the inflation that he inherited from the Johnson Administration. Louis Harris reported last week that only 32% of the people in his poll commended Nixon...
New Barriers. However it is worked out, the textile controversy will affect the fabric of life in both nations, determining in part whether low-paid textile workers in the U.S. will be thrown out of jobs, whether inflation-weary U.S. consumers will have to pay more for their clothes, and...
The chief cause of the deterioration in the U.S. trade balance has been inflation, which raises the price of U.S. goods and increases the lure of foreign products. Many a family has stretched its clothing dollars by turning to inexpensive Japanese blouses, shirts and suits. Shutting out imports, trade experts...