Word: inflationitis
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Dates: during 1960-1969
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In any ranking of urgent domestic priorities, dealing with inflation is clearly first. For the moment at least, it is more urgent than even the task of providing urban housing or filling other social needs. For that reason, probably the last thing the U.S. needs right now is a tax...
Congressional leaders are convinced that they can easily pass the tax cut by the two-thirds majority required to override any presidential veto. As a further complication, the bill contains an extension to next July 1 of the 5% surcharge that Nixon has requested as an anti-inflationary measure. Thus...
Restaurant owners had better take heed. Nader is by now an almost legendary crusader who would?and could ?use a fly to instigate a congressional investigation. As the self-appointed and unpaid guardian of the interests of 204 million U.S. consumers, he has championed dozens of causes, prompted much...
The drop in the Dow-Jones to below 800, which was widely heralded as an important psychological resistance point, did not touch off any heavy selling. Still, brokers drew little comfort from that fact. Some would have preferred a burst of aggressive selling that might have cleaned out the pessimists...
Friedman also commented on inflation and the prospects for a recession. He explained that "our economy is expansionary, not because prices are rising, but because prices are rising more than people's expectations."