Word: spiralling
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...economists Carter is listening to, are as confused as the public. They have had their chance to manipulate the economy using indirect tactics based on complex theories. The time has come for direct action. A wage-price freeze will cut short the inflationary spiral--but it will only work as a breathing space in which to restructure the economy on sounder foundations...
...entered the world of the German gay underground. Peering down a spiral staircase into a dark, smoky room, I surveyed a collection of the prettiest boys this side of the Neckar. Freaks in wet-look plastic boots, shoehorned into their black leather pants, dotted the tightly-packed crowd, which twisted and throbbed to a deafening American rock beat. At the foot of the stairs an enormous man is his early fifties frantically attempted to attract the attention of a golden-haired sixteen-year-old who wore makeup in excellent taste, like the wanderer in Fellini's Satyricon...
...Massive change proceeds more as a spiral than a straight line...so experiences that appear to be circular and discouraging in the short run may turn out to be moving in a clear direction in the long run. Those of us who were taught the cheerful American notion that progress is linear and hierarchical, for instance, may have had to learn with pain in the '70s that no worthwhile battle can be fought and won only once...
...looks to be a somewhat milder affair than the 2.4% overall slump that had been predicted as recently as last December. Recession is certainly painful for anyone thrown out of work, but without at least a temporary economic downturn there is no real hope of slowing the price spiral...
With living costs locked in double digits for twelve consecutive months and no end to the spiral in sight, people are losing faith that inflation will ever come down. They are spending their paychecks as fast as they get them, cutting the nation's already low savings rate still further, pushing up credit, bloating the money supply, and generally intensifying the inflationary menace that they fear the most...