Word: scarcer
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...runs by steel prices. There would be no mandatory controls, no nasty squabbles between the White House and business or labor leaders, no interference at all with the free market. Instead, Government would simply balance its budget and pump less money into the banking system. As funds became scarcer in the private economy, business would simmer down and so, too, would prices. For a few "awkward months," predicted Nixon's economists, the nation would suffer mild "slowing pains" of high interest rates, little growth in production, some drop in profits and a moderate rise in unemployment. Eventually, inflationary pressure would...
...Nixon Administration's main plan for helping housing is to stop inflation. Unless that is done, construction, and especially land costs will continue to rise, and mortgage money will become still scarcer and costlier. The result could be a housing famine that no politically conceivable amount of public subsidy could alleviate...
...housing prices climb and mortgage loans become costlier and scarcer, more and more people find themselves forced to stay in older houses for longer than they would like. Sooner rather than later, pipes crack, paint peels-and homeowners have to face up to the often traumatic experience of calling in that new aristocrat of the U.S. labor force, the repairman...
...been demonstrated lately by the stock market. Brokers normally count on a year-end rally, and they have been disappointed only six times in the past 41 years. Last week was one of those times. Mostly because of the Federal Reserve Board's recent moves to make money scarcer and costlier to borrow, the latest slump in stock prices stretched out to a full month...
...next day was election day, and smiles were much scarcer. Besides, by now the boys were more accustomed to girls in their classes and libraries, and the mixer-shine of the first day was beginning to fade...