Word: terman
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Dates: during 2000-2009
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...ordinary people were subjected to high tax rates originally intended for the wealthy alone, unemployment and growth sputtered while inflation soared into the double digits. Richard M. Nixon's intelligence was recognized by California psychologists at an early age--Nixon was one of the "termites" in the famous "Terman Study"--but this didn't prevent the Golden State prodigy from undermining the Constitution and destroying the international monetary system. In addition, his bizarre scheme of wage and price controls resulted in an unprecedented series of peacetime shortages. It is difficult to fathom such apparent ignorance of market economics from...