Word: inflationitis
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Dates: during 1960-1969
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They will eschew what they call "the bankrupt New Left technique of single issue organizing" in favor of linking the war to a variety of local problems--welfare, inflation and particularly Cambridge's shortage of low-income housing. They hope local residents will then organize to solve these problems and...
Unless Britain tightens its belt still further, by holding wage increases down while the price of imports bought in minipounds rises, the gains of devaluation will be dissipated by inflation. Though the giant Transport and General Workers' Union agreed to go along with a voluntary pay freeze, the striking...
The Larger Sense. Devaluation may enable Britain to boost its exports (notably autos, appliances and aircraft) enough to erase a quarter of its trade deficit, but it will hit the pocketbook of every Briton. Grocers warned that food prices will rise at least 5%, starting with imported fruit, meat and...
Economic torpor this year has gripped not only Britain but also much of continental Europe. Braked by West Germany's first major postwar recession and by sluggish business in France, the Common Market is headed for the slowest expansion in its ten-year history. In its third quarterly report...
Gottfried Haberler, Galen L. Stone Professor of International Trade, joined Caves in criticizing De Gaulle. "De Gaulle's economics are rotten," Haberler said. "The United States has not exported inflation. The purchasing power of the dollar has been better preserved than almost any other currency."