Word: inflationitis
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Dates: during 1960-1969
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Each year since 1924, TIME's Business section has in one form or another taken its own look at the U.S. economy in the year just ending and in the year ahead. This week's cover story concentrates on the economy's two main worries: inflation and...
While most of Washington worries about inflation, seven Senators seem to have found a miraculous way to beat it. Each reported to Congress last week that he had spent absolutely nothing getting elected in 1968. Such a feat of legerdemain is not restricted by ideology or party; the Stingy Silent...
THERE has always been an element of risk that Washington's efforts to control the worst inflation since the Korean War would tip the U.S. economy into a recession. The Administration's policy of gradual slowdown has been shaped to avoid any pronounced increase in unemployment. Though a few pessimists...
(10 of 10) abandon many of their inflationary programs and practices. The Nixon Administration this year began a joint Government-business-labor effort to avoid work stoppages, end restrictive practices and reduce price increases in construction, the nation's most flagrantly inflation-ridden industry. The highly inflated costs of medical...
For next year, economists see continuing inflation, though at a slower rate. Arthur Okun, former chief of the Council of Economic Advisers, summarizes the consensus: 1970 shapes up as what could be called a 2-4-6 year -meaning 2% real growth, plus 4% inflationary growth, which would add up...