Word: withe
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Dates: during 1960-1969
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Some of the loopholes were deliberately allowed to stay open, authorities admit. Federal Reserve officials feared that if they had closed every gap in the regulations, some banks might have failed. In a banking system based on confidence, that might have touched off a financial panic, something that the Federal...
Still, economists generally agree that the economy now shows plenty of signs of losing momentum. As interest rates climbed to the highest peak in more than a century, housing starts fell sharply and the bond markets approached collapse. Banks, the principal buyers of municipal bonds, were short of funds and...
ECONOMICS is the perilous profession, whose leading practitioners put their forecasts on the record in hard numbers almost every year. Members of TIME's Board of Economists, who met this month with the editorial staff in Manhattan and supplied much of the material for the accompanying cover story, made the...
HOUSING. The average cost of a home reached $25,900 compared with $24,200 a year ago. In San Francisco, for example, the price of a home climbed 12% in twelve months. One survey of the Bay area disclosed that there was enough low-cost housing to provide shelter for...
Faith in the free market has caused Friedman to condemn many Establishment institutions as monopolies. His targets include the New York Stock Exchange?in his view, a brokers' commission-fixing cartel?and the public-school system. He contends that the Government should issue vouchers that parents could cash at any...