Word: priced
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Dates: during 1960-1969
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...local dealers reported that large quantities of good grass are available at $15 an ounce, or about the price which prevailed before the "crackdown...
...measures as federal-state revenue sharing. He is so devoted to a free-market economy, that he has written of it with unaccustomed fervor: "By and large, it is competition-not monopoly-that has vast sweep and power in our everyday life." This viewpoint leads him to consider wage-price "guidelines" to be almost as evil as statutory controls. "Free competitive markets would virtually cease to exist in an economy that observed the guidelines," he once wrote...
...view of his steadiness and stubbornness, it is paradoxical that Burns' principal advice to Nixon lately has been that the Government has to create economic "uncertainty." Burns believes that inflation can be stopped only if the Government persuades businessmen and consumers that prosperity is not necessarily perpetual and price rises are not inevitable. Right now, there is quite a bit of uncertainty. Last week, for example, the Government reported that in September personal income showed the smallest rise in 17 months, and industrial production dropped for the second straight month...
Some high Administration officials have come closer than ever before to saying that recession may be the price of curbing inflation. At a meeting of the Business Council in Hot Springs, Va., Treasury Secretary David Kennedy predicted last week that in early 1970 there will be a decline in real gross national product. While Kennedy would not use the word recession, some economists define recession as a decline in real G.N.P. for two straight quarters...
CIRCLE OF SQUARES by William Price Turner. 192 pages. Walker. $4.50. A flaccid mystery about clandestine middle-aged conspirators against the tyranny of youth who discover the titillations and limitations of Flab Power...