Word: inflationitis
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Dates: during 1960-1969
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Without Miracles. That ridiculous act reflects the tension that grips Brazil these days. A vast majority of Brazilians applauded the overthrow of Leftist João Goulart in 1964, and the cleanup started by the new military-backed regime of General Humberto Castello Branco was obviously necessary. When War Minister...
Nixon, on the other hand, contends that prosperity is not nearly what it seems-and that rising prices and taxes take away all of the wage gains. For months, he has been blaming the Johnson Administration for causing inflation by mismanaging the economy. "Why are prices rising faster than they...
Elusive Goal. For the candidates and their teams of economic advisers, today's U.S. economy poses a complex challenge: how to combine prosperity with price stability. Many economists insist that an unwelcome degree of inflation is almost inevitable in times of minuscule unemployment. Humphrey says that he is "determined...
∙TRADE. Humphrey advocates reducing such nontariff barriers as quotas and import taxes, while protecting domestic industries against "unfair dumping" by foreign producers. Both men are fundamentally free traders, but Nixon goes along with "temporary" protection for such hard-pressed industries as steel and textile. He blames domestic inflation for...
The Tokyo market's performance reflected the increasing strength of the Japanese economy. This year, despite a 6% rate of inflation, Japan may over take West Germany as the No. 3 nation in terms of Gross National Product, after the U.S. and the Soviet Union. The Japanese government has...