Word: inflationitis
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Dates: during 1960-1969
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First Order of Business. However, if Johnson is hoping that his tough measures will spur Mills to swifter action on the tax increase, he may be in for a disappointment. In announcing his program at the ranch, the President declared, largely for Mills's benefit, "No business before the...
Forced Savings. The damage was done. As the Christian Democrats went into a special Senate by-election two weeks ago, more and more of the country's businessmen and landowners turned on Frei. As an added burden, party leftists once again deserted the President and began attacking a new...
Search for Stability. Ideally, nations would so order their economies as to keep their payments in balance over the long run. The search for such stability is greatly complicated by the world's increasing dependence on foreign trade, which means that shifts in one big national economy can inflict...
The Federal Reserve Board's increase in the discount rate from 4% to 4½% in November was primarily a reaction to international pressures on the dollar created by the devaluation of the British pound. Many observers saw it also as a domestic signal that the Fed was disturbed...
What business is really most concerned about now is federal policy. In its simultaneous effort to fight a war in Viet Nam, send a man to the moon, erase poverty at home and help struggling countries overseas, the U.S. has strained its resources. The resulting budget and balance-of-payments...