Word: inflationitis
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Dates: during 1960-1969
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How to Cure. Largely because spending remains robust, the nation's gross national product is surpassing expectations. In the third quarter, the total output of goods and services reached an annual rate of $870.8 billion, a $17.9 billion increase just slightly less than the $21 billion average rise of...
Continuing inflation has intensified the debate about a cure and how long the task will take. At a Hot Springs, Va., meeting of the Business Council, a group of corporate executives who generally support the Johnson Administration's policies, there were plenty of questions about what the next president...
According to Council Vice Chairman Ralph Lazarus, president of Federated Department Stores, the economists believe that to tame inflation from its cur rent 4½% annual rate to a manageable 2%, a new Administration may have to "extend and intensify" its braking pressure. For how long? Possibly for one or...
Bitter Exception. Any such solution is certainly anathema to the present Administration, would probably be distasteful to the next. Humphrey has said he is "determined" to keep joblessness at a minimum; Nixon vows to fight inflation "without increasing unemployment." In Washington, Chief White House Economic Adviser Arthur Okun took exception...
One of General Motors' most pressing concerns is keeping Washington pacified. As the world's largest manufacturer, the company has long fretted over the possibility of antitrust action, even though it has taken over no domestic passenger-car firm for 50 years. Sensitive to the Administration's...