Word: inflationitis
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Dates: during 1960-1969
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2. The Candor Caper. Conceding that Plan No. 1 is too extreme, Humphrey resuscitators consider this a more reasonable and plausible version of the shock ploy. After hymning the Democratic record under such great Presidents as Franklin Roosevelt, Harry Truman, John Kennedy and Lyndon Johnson, Humphrey announces that it is...
Krock laments the deterioration of the country's moral and political fiber, the inflation that destroys savings, the pressures toward "total integration" of blacks and whites, the introduction (by Kennedy and Johnson) of a "welfare state subsidized from Washington." He considers it an inexcusable sin that Kennedy and Johnson...
By the reckoning of most economists, the overheated U.S. economy should have cooled off abruptly under the double effect of mid-July's income tax surcharge and a cut in federal spending. There was even concern that the restraints would move the economy toward a recession. Instead, the effect...
Last week Federal Reserve Board Chairman William McChesney Martin, using an analogy of which he is fond, likened the economy to an automobile that has merely cut its speed from 90 m.p.h. to 70-still much too fast for safety. "Business at present has a strong inflationary bias," Martin said...
Fall into Line. In the past two years, Chrysler announced price tags for new models, then scaled them down when the industry pacesetter, General Motors, announced lower price hikes. Both G.M. and Ford are planning to post their own new lists this week, and inflation watchdogs in Washington expect increases...