Word: willingly
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Dates: during 1970-1979
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By refusing to back a consumer boycott, the Council guarantees that student boycotts will have little impact. In the case of J.P. Stevens sheets used in the University Health Services' infirmary, students have no way of boycotting without University support.
The monetarists, those epigones of Milton Friedman who are among the only Americans with reason to rejoice over Volcker's moves, waffled. For the first time a financial official seemed to be taking their advice to heart; conservative monetarists have called for direct control of the money supply for years...
WHILE ACADEMIC ECONOMICS roils in disagreement, Volcker has set the terms for a larger national debate from now till the 1980 elections. No one doubts that inflation is the American public's white whale, the unknown menace the government must first locate and then destroy. But experts and laymen alike...
But for now the monetarists are in control, and they have tied President Carter's hands as well. He couldn't come up with an anti-inflation policy of his own that businessmen wouldn't laugh at, so he's stuck with Volcker's by default. And we will suffer...
WHEN Carter and Sen. Edward M. Kennedy '54 (D-Mass.) face off in the coming economic debate, as much will depend on the wording of questions as on what people answer. That New York Times poll of October 19, for example, states that 40 per cent of Americans believe inflation...