Word: wars
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...price that every American pays for these failures is a decade-long inflation that is the most pernicious price spiral since the Korean War, and certainly the most alarming one in the nation's history. Because competitiveness and efficiency have declined, and productivity growth, that most basic yardstick for measuring a nation's economic vitality, has slowed, the real cost of producing goods has jumped. Meanwhile, to keep demand up, the Government has created money and credit at far faster rates than businessmen can turn out products and services. The result: too much money chasing too few goods, which...
...reckoning came with Viet Nam. Lyndon Johnson's Keynesian economic advisers warned him not to finance both the war and his cherished Great Society programs without asking for a tax increase, but he refused to take the unpopular step until much too late. From 1965 to 1969, more than $42.5 billion in Government deficit spending flooded into the economy, which was already surging ahead at nearly full capacity. Result: inflation leaped from...
...rate from climbing even higher than its 1975 recession peak of nearly 9%, both the Ford and Carter Administrations have had to stuff the people's pockets with almost as much inflationary funny-money, in the form of Government deficit spending, as was generated in all of World War...
Like a man in his prime, American productivity had looked so robust, so deceptively healthy. From the end of World War II through the 1960s, it increased comfortably at an annual average of just over 3%. The first symptom of trouble struck in the 1970s, when gains started averaging half of that. They tumbled to 1.6% in 1977 and .4% in 1978. Now that most important measure of an economy's efficiency is showing the most alarming decline. Output per hour worked in private business dropped at an annual rate of 2.8% in this year's first quarter...
There he took the Hebrew name Shaul, became a scholar and eventually wrote a study of the troubling question of the Roman Catholic Church during World War II, Pius XII and the Third Reich...