Word: wallich
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...revenues or profits. These expedients are not available to home buyers or local government units that must sell bonds, and some authorities think that much more radical changes in the markets will be required if they are to raise the cash that they need. Sidney Homer and Economist Henry Wallich, among others, have seriously suggested that mortgage and bond issuers may have to pay variable interest rates tied to movements in consumer prices. Some experts also expect a swing from long to short-term financing. There are signs of that happening already. Executives of Hawaiian Electric Co., for example, last...
...inflation-currently more than 4% a year-to about 2.5%. That, in turn, would go a long way toward strengthening the position of the dollar abroad. Yet excessive zeal in combating inflation could throw the nation's economy into reverse. The new Administration, says Yale Economist Henry Wallich, a onetime economic adviser to President Eisenhower, will find that it must perform a delicate balancing act "between policies that would bring on a recession and ones that would continue inflation...
...eleven experts who testified before a subcommittee of the Senate-House Joint Economic Committee, three urged a cutback in Government spending and eight favored increased taxes, but all wanted some form of fiscal restraint to avert inflation. "Without an increase soon," said Yale's conservative Henry C. Wallich, "we will run into very serious problems...
...Harpers, Wallich locks horns with one of Kennedy's top economists, John Kenneth (The Affluent Society) Galbraith. Along with the rest of the Kennedy "Brain Trust," says Wallich, Galbraith "rejects our ancient American folklore that politicians spend too much. In its place he puts the intriguing notion that they spend too little. Public needs are underfinanced, while private tastes are overindulged." Wallich does not agree that the public addiction to chrome, tail fins, and other ostentatious foolishness means that it cannot be trusted to fill its own needs: "It is something of a non-sequitur to conclude that...
...Yale Review, writing for its 50th anniversary issue (TIME, Oct. 13), Wallich compares the "innocence" of the national economy 50 years ago with its current complexities, decides that the marketplace, for all its flaws, is still impressively viable. The U.S. economy, says Wallich, has stayed healthy not so much because of Government intervention but in spite of it: "The gamut of possible government action has been widened, the box of tools greatly enlarged, and there are many who would like to use the lot. Such drastic departures are not a normal part of the American scene. It would take...