Word: needed
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Dates: during 1970-1979
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...this credit proliferation is that a tight money strategy may indeed cut down the growth of the Fed's "official money," but spending would just keep on surging and spurring inflation anyway. Urges Wall Street Economist Henry Kaufman, an internationally respected expert on interest rates and credit: "What we need now is a new monetary growth target that I call the 'debt proxy.' It would include not just currency and deposits but all private domestic debt as well, a figure that is already at $2.2 trillion, or almost exactly the nation's entire G.N.P...
...religious front, he fares little better. Debates on the existence of God, he writes cavalierly, are "good fun." And at the end of the book he discusses the need to apply his rigid scientific criteria to all schools of belief, reviving the Victorian controversy. If inaccuracies are found, he says, the culprit must at once be discarded--thus the Bible must...
Rosa begins to resent the constant need for discretion--the daily hardening to face surveillance or arrest. She knows the policeman who trails her, picks out the government's spy at a political meeting, stares down the agent who watches her as she finally flees the counry. Her discretion is so instinctive that she insulates herself from all human contact, passing through lovers with the self-possession noted approvingly in a school report written during her father's arrest...
...imagines an artist less enamored of the world than of the language we signify it with, yet less enamored of the language than of the signifying narration, and yet less enamored of the narration than of its formal arrangement, one need not necessarily imagine that artist therefore forsaking the world for language, language for the processes of narration, and those processes for the abstract possibilities of form. Might he/she not as readily, at least as possibly, be imagined as thereby (if only thereby) enabled to love the narrative through the form, the language through the narrative, even the world through...
More often than not, however, these nuggets of well-proportioned wit are isolated, self-contained, and have no need for the monstrous superstructure around them. Barth could have--and has--written wonderful short stories or brief novels with such material...