Word: reasonlies
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Dates: during 1970-1979
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...fact, a surprise surge in money growth was precisely what happened last spring. This is a big reason why inflation shows no signs of abating. Ironically, even as then Fed Chairman and now Treasury Secretary G. William Miller was proclaiming a clampdown on monetary growth and pointing proudly to double-digit nationwide interest rates as evidence that the Fed was making it costly to borrow funds, the money supply itself was about to explode...
...chances of such a crunch developing would be somewhat higher if the Federal Reserve continued its now discarded practice of trying to manage the money supply by juggling interest rates Reason: in a slowdown, demand for money necessarily eases off at least somewhat and interest rates subside. But to keep those rates stable, the Fed would wind up slowing and slowing the growth of money until suddenly it would be creating nowhere near enough new money...
...tarnished. Sent into orbit to inspect a Soviet satellite, Kinsman kills a Russian cosmonaut by yanking out her airhose as they grapple soundlessly in the vacuum. Haunted and horrified that he could commit such an act Kinsman must find out what made him kill another human being without reason. Only then can he bring into space his victory of morality over military training, confrontation politics, and the squandering of resources...all earthbound evil...
LIKE A LITERARY KRONOS, John Barth has stuffed each of his fictional offspring down his maw and let forth an echoing belch of a novel. The noise deafens; Barth blushes. With reason--many an atrocity litters Letters's past, including the authorial analogues of incest, cannibalism and flagellation. But what Barth does in the privacy of his own imagination is his own business; the worst atrocity he reserves for the hapless reader. The siren call of Barth's in-souciance, his cleverness, his recklessness, beckons you towards a grinding crash on the rocks surrounding these 750 pages, and a lonely...
Inevitably, there are gaps and errors in The Man Who Kept the Secrets; too many people have died, too many documents have been destroyed, too many decisions never made it to paper--and too many persons still have reason to prevent the whole truth from surfacing. But Powers has compiled an impressively documented and reasonably well-presented litany of power and its abuses; his book--a most thorough work but by no means the last word on the subject, will provoke, frighten and outrage even those already jaded by the sleaziness and corruption of Watergate. Richard Helms...