Word: inflationitis
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Dates: during 1960-1969
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Loose Wires. To cool the "feverish boom," Johnson once again "urgently" asked for prompt congressional approval of a temporary 10% surtax. The measure would take $10 billion out of circulation in the next fiscal year, easing pressure on interest rates and prices. At that, 1968 would hardly be austere. According...
Contrary to common belief, the market is not enthusiastic about inflation because it tends to erode real profits and bring tight money and Government controls. The market hates the thought of controls on credit, wages and prices. More than anything else, the market abhors uncertainty, even though it is risk...
The situation today is just about the same as during the late 1966 decline and the early 1967 rise: there are uncertainties about military and monetary problems abroad, about inflation and taxes and urban problems at home. And the economy continues to climb. As the market responds to tips and...
Johnson's decision to reduce funds available for new research facilities has not affected federal support for academic research projects. Grants for research in colleges and universities will rise from 1.45 billion dollars to 1.64 billion dollars in fiscal 1969. The two government agencies which provide most of Harvard's...
Even greater than their disenchantment with Krag personally was the irritation of Danish voters with his economic policies. Faced with worsening inflation, Krag tried last December to cancel a mandatory cost-of-living pay hike for Danish workers, but when some of his extreme leftist partners deserted him in a...