Word: inflationitis
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Dates: during 1960-1969
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Economic Slide. The movement is named after Túpac Amaru, an Inca chief who rebelled against Spanish colonizers in the late 18th century and was subsequently executed. It has its origins in a sugar-worker protest movement that was formed seven years ago. A leftist activist named Raú...
Wall Street, and much of the American business community, favors what Economist Paul A. Samuelson calls a "dovish-bullish syndrome"-which conjures up visions of a hybrid creature with wings, hooves and horns. Recent history shows that peace pays. World War II and Korea were followed not by the depressions...
Excepted under the proposed law are public housing, two and three-family owner-occupied buildings, and hotels. The first general rent adjustment would take effect on January 1, 1970 and would take into account inflation in operating costs and increases in the tax rate since January 1, 1968.
3. The stabilization of the budget of CEA reflects the stabilization of the funds for Particle Physics in the national budget. Like most public and private budgets, our resources do not keep pace with inflation.
Earnings this year have been assaulted by the 10% tax surcharge-an essentially Keynesian measure designed to retard demand and inflation as well as by the rising costs of labor, money and materials. Even so, profits generally reached new peaks in the first quarter. The Wall Street Journal, in a...