Word: inflationitis
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Dates: during 1960-1969
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Despite Nixon's attempt to blame Capitol Hill for encouraging inflation, Democratic Congressmen argue that they will ultimately appropriate at least $6.8 billion less than the $143 billion requested by the President. That figure is misleading, since it does not take into account such continuing commitments as the increase...
As finally worked out, the bill was far more sober than the free-spending "Christmas tree" measure conjured up by the Senate, with its $800 personal tax exemption. While it is more inflationary than President Nixon would like, the bill does postpone most of the giveaway provisions for two years...
The lights are twinkling as brightly as ever in store windows this Christmas, but the cash registers so far are not jingling a very merry tune. Says Allan Johnson, head of Saks Fifth Avenue's 30 U.S. stores: "Shoppers are looking a lot more before they buy, and they...
The consumer caution is due not only to inflation but also to growing uncertainty over the economy. Last week's figures disclosed continuing November declines in industrial production, housing starts and workers' purchasing power, distressingly combined with consumer-price increases that were running at a 6% annual rate...
> President Johnson's decision to avoid raising taxes launches the current inflation, 1966.