Word: rapidly
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Dates: during 1960-1969
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...full employment and good growth. For the later 1970s, I am essentially an optimist. We will get back to a tolerable trade-off between unemployment and inflation, and we will again be growing in real terms at 4% a year. If we maintain our commitment to full employment and rapid growth, if we attempt to cope with the great social stresses and strains in our nation, it will be very tough to get the G.N.P. deflator consistently below 2.5%. We have to learn to live with something around 2.5% to 3% inflation. If we get down to 2.5%, we will...
...position is, therefore, not that I favor a rapid withdrawal as a matter of policy but that I see the strong possibility of such a withdrawal as a matter of prediction-and I have come to the reluctant belief that the war is probably destined for a messy ending sooner than most Americans expect...
Having invented urban sprawl, Californians may be among the first to find ways of revitalizing and rebuilding the inner cities. Los Angeles, with its stubborn refusal to invest in efficient rapid transit, may yet be obliged to give up the automobile and go to subways; for a model, there will be San Francisco's computer-controlled BART (Bay Area Transit) system, which is, after many years, now within reach of completion...
Bowles and MacEwan also tell us that the "human costs of rapid economic growth... the fracture of a community, for example-are seldom considered." Few Western economists need to be told of the "human costs of rapid economic growth," though more familiar examples are urban congestion and pollution, and many will join in regretting that such costs are not given more weight in actual development programs...
...that the Western economist is not only predisposed against communist revolutions, but that the predisposition is indefensible. It should be observed, therefore, that such a predisposition might stem, among other things, from an awareness that communist societies too are, by all accounts, not especially attentive to "human costs of rapid growth" such as described. The predisposition might also reflect a concern for other "human costs" as well, human costs represented by, for example, the incarceration of millions of persons in penal labor camps in the USSR under the five year plans, and by similar experiences in other communist countries; human...