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...Federal Reserve compounded the difficulties by unwisely permitting the money supply to grow much too fast, partly because it had to supply funds to finance the Government debt. Last summer the board's governors rroneously concluded that the surcharge might jolt the economy into recession. The board then expanded the money supply at an annual rate of 11%, which meant that there was more money around than the increased output of goods warranted. Naturally, prices went up faster than be fore. So far this year, the board has not increased the money supply at all, but its mistake...

Author: /time Magazine | Title: Business: THE CRITICAL FIGHT AGAINST INFLATION | 6/20/1969 | See Source »

...felt that the painful jolt of the occupation might have the power to open people's lives, I could have stayed. But the enjoyment of the jolt itself, the aesthetic pleasure of rebellion, is a horrifwing thought. For it is unanswerable; there is no return. The Faculty can rap on love and the Corporation can let the poor clip its coupons, all to no avail. Grant what concession you will, unless you turn American society upside-down and free the consciousness from the tyranny of the corporate state--and may be even after all that--there is no answer...

Author: By Peter D. Kramer, | Title: I Am Frightened (Yellow) | 6/12/1969 | See Source »

...felt that the painful jolt of the occupation might have the power to open people's lives, I could have stayed. But the enjoyment of the jolt itself, the aesthetic pleasure of rebellion, is a horrifying thought. For it is unanswerable; there is no return. The Faculty can rap on love and the Corporation can let the poor clip its coupons, all to no avail. Grant what concession you will, unless you turn American society upside-down and free the consciousness from the tyranny of the corporate state--and maybe even after all that--there is no answer...

Author: By Peter D. Kramer, | Title: I am frightened (yellow); I am saddened (blue) | 4/26/1969 | See Source »

...Last week doomsday talk reached fever pitch. Disk jockeys were spinning a hit calypso tune called Day After Day, which asks: "Where can we go when there's no San Francisco?" A book called The Last Days of the Late, Great State of California, which gives a jolt-by-jolt preview of the disaster, was a bestseller...

Author: /time Magazine | Title: Anxiety: Doomsday in the Golden State | 4/11/1969 | See Source »

Soon the shooting began. Most of the first shots went well--particularly one filmed in the eerily lit bedroom, as Steven (Tommy) wakes up with a sudden jolt in the middle of the night (after which he goes to the living room and discovers the ghost of Eleanora). This was a grim take, but every once in a while, someone tried to lighten up the room of shadows with a smile or a joke...

Author: By Frank Rich, | Title: The Ghosts of New Hampshire | 4/10/1969 | See Source »

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