Word: inflationitis
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Dates: during 1960-1969
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In his effort to check inflation, Richard Nixon has relied heavily on the extension of the $8 billion-a-year income tax surcharge to reduce the economy's fever. Last week, assured by House leaders that the surtax would be continued into the fiscal year beginning July 1, the...
For the coming decade, an inflation-weary nation should aim at a so-far elusive goal: stable prices, low unemployment and steady economic growth. The U.S. has already achieved a full-employment society, but the next job will be to devise ways to live comfortably with it. That will not...
INFLATION discriminates among its victims. It hurts the life styles of some families more than others, depending on their size, income, and even their personal tastes. Sample effects on three families in different income brackets:
Lower-Middle Income. The La-zorcaks of suburban Pittsburgh -Diane, 30, Paul, 33, and two sons, aged five and two-have found that, as Mrs. Lazorcak puts it, "only the wealthy can afford inflation." On a net income of $8,600 last year, which was $1,500 less than in...
For the Lazorcaks, inflation is the killer of the dream. One reason, Lazorcak says, is rising rent-up $15 a month last year. His wife stretches the dollar by growing her own fruits and vegetables in a garden. The couple's last night out was on their sixth anniversary...