Word: spiralled
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...last week there were indications that both labor & management were trying hard to avoid the mistakes that sent wages chasing prices in an exhausting spiral last year. Economists thought that, barring the shock of sudden industrial upheaval, the inflationary crisis had passed. Labor knew that falling prices were already pumping new buying power into existing wage scales...
...Employment in a Free Society) nor Henry Wallace (Sixty Million Jobs) had described how to fashion such a bridle. Beveridge merely outlined the problem: "So long as freedom of collective bargaining is maintained, the primary responsibility of preventing a full-employment policy from coming to grief in a vicious spiral of wages and prices will rest on those who conduct the bargaining on behalf of labor. . . . How real is this possibility [of inflation] cannot be decided on theoretical grounds. . . . But the fact remains that there is no inherent mechanism in our present system which can with certainty prevent, competitive sectional...
...unemployed in the U.S. before spring, 1946. Later he recommended a general wage increase. He said wages could go up without boosting prices. He was wrong in his prediction. There was no noticeable employment slump. And wages went up, but so did prices in a rising spiral of inflation...
...victim of post-war tensions as forceful as those that have created a housing shortage and unleashed an inflationary spiral, undergraduate veterans are today burdened with a greater number of academic, financial, and family worries than any previous group in the history of the College. Both the largest bloc of harried commuters in memory and the widespread student element concerned almost exclusively with the task of getting good grades help to underscore Harvard's overall lack of social integration and its studied aloofness. General uneasiness is the logical result of the universal desire to tie up a college education speedily...
...level of student veterans' subsistence allotments is that only a minority of those who would receive the raise really need it. If everyone could be counted on to spend the entirety of his new allotment for absolute necessities, this additional purchasing power would contribute nothing to the current inflationary spiral; but this condition will not result when the majority of veterans are living adequately, though not sumptuously, for the increase would be spent on non-necessity items which otherwise would not be purchased...