Word: inflationitis
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Dates: during 1960-1969
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∙TAXES. House liberals balked at extending the 10% income tax surcharge, the most potent weapon available against inflation (see BUSINESS). In return for their support, they demanded a more thoroughgoing tax-reform package, including the oil-depletion allowances that have become a symbol of tax privilege. Only a last...
Inflation, which has smashed wage guidelines, sent interest rates to record levels and jacked up a host of indexes, has claimed another victim. Because the farm price index has reached a 17-year high, the retail price of food, which is what irritates people most about inflation, will continue upward...
The larger housing question, however, cannot be solved by Harvard alone. Even the problem of relocation will become increasingly difficult as the inflation in Boston and Cambridge rents continues. Nor can the university's contribution to the easing of this problem, especially for older residents living on fixed incomes, be...
The fear of inflation has been heightened by the enormous increase in the country's financial reserves. During the latest money crisis last month, $4¼ billion in francs, pounds, dollars and other foreign funds flowed into Germany. As of last week, almost $3 billion of it was still...
Discount House. Such problems have a common cause: the mark is greatly undervalued in comparison with the inflation-weakened moneys of Germany's trading partners. This disparity has turned Germany into a heavily patronized discount store for the rest of the world. By recent estimates of the German Bundesbank...