Word: inflationitis
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Dates: during 1960-1969
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Certainly Ford reflected the popular mood when he said that cutting Government spending was a better way to fight inflation than raising taxes, as Johnson proposes, but the fact is that Congress failed either to raise taxes or make an appreciable dent in spending. The Republicans tried, to be sure...
Despite alltime-record output of wheat, rice, feed grains, soybeans, pea nuts, sugar cane, meat, poultry and eggs, America's 3,000,000 farmers will pock et 10% less income this year than in 1966. After six straight years of rising income amid inflation, the slump in prices gives...
Hurlburt attributed the increase--the first since he began streamlining the kitchens in 1959--to general inflation in the economy and to the prospects of a further deficit when the new Mather House is completed in 1969.
Some money men think that such efforts cannot continue for much longer. As somber as L.B.J. was sanguine, First National City Bank Chairman George S. Moore last week told a National Association of Manufacturers meeting in Manhattan that the sterling crisis only showed that "the dollar is at bay." Before...
Died. Oscar Diego Gestido, 66, President of Uruguay since last March; of a heart attack; in Montevideo. A former air force general, Gestido was elected to succeed a free-spending nine-man council and save Uruguay from bankruptcy. It seemed a futile hope until October, when soaring inflation and rumors...