Word: inflationitis
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Dates: during 1960-1969
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The war, said the Arkansas Democrat, was more likely "to liquidate the holy fabric of freedom" than to preserve it. "We are weakening this country. What we are doing is sending our men over there and having them slaughtered. We are spending our money, we are disrupting our economy, we...
Mobutu also moved last week to re move another source of domestic trou- ble-the Congo's galloping inflation. Partly because of unrest over his economic policies, he reshuffled his Cabinet, replacing nine of its members. What Mobutu would like to be rid of most of all is Moise...
Seven times since World War II Britain has deliberately throttled its seesaw economy to battle inflation or defend the pound. In the 14 months since Prime Minister Harold Wilson intro- duced the severest repression of all, the country has stumbled into an agonizing business slump. The self-inflicted wounds increasingly...
Economists, business, labor and financial leaders have all been sounding the same theme-but mostly in a quieter key. Abruptly and decisively, coping with inflation has become the prime concern of U.S. businessmen. What was only a nagging specter short months ago is fast gathering ominous substance. Automakers have joined...
Part of the fuel for the surge comes from the Federal Reserve Board, which has been pumping credit into the economy so fast that it has expanded the money supply at an annual rate of 7.7% so far this year, against only 2.2% during the 1966 tight-money squeeze. Looming...