Johnson era actions set stage for later economic woes
Joseph C. Harsch argues that Lyndon Johnson’s 1965 decision to fund the Vietnam War without sufficient tax increases pushed the U.S. into debt and inflation. He suggests the postwar stability ended in 1965 and that inflation or recession was inevitable, with Johnson’s policies shaping the coming economic readjustment.
MENTIONED IN THIS ARTICLE
Lyndon Johnson
U.S. Vietnam
Johnson
U.S
Federal
Eisenhower
Kennedy
White House
United States
Hunt brothers’ silver gamble ends in massive debt
A Los Angeles Times Syndicate piece notes how Dallas heirs Herbert Lamar and Bunker Hunt bet on silver, mortgaging assets to ride a price surge from $10 to $50. As the market collapsed, banks forced asset sales to cover near $2 billion in liabilities, painting them as reckless heirs with a sprawling oil and art collection at risk.
MENTIONED IN THIS ARTICLE
Scemei Mumia
Reieal
Hunt Brothers
Dallas
Hunt
Bunker
Herbert
Lamar
Bi Eth Brothers Brothers of
Jillionaire
Cente
Fartad
CIA offer lures Stockwell amid suit over book profits
Carter admin pursues former CIA officer John Stockwell for profits from his book Search for pennies and seeks turnover of earnings as a fine. A deal may emerge as Stockwell proposes CIA pre publication clearance for future writings in exchange for dropping the case, or face bankruptcy. MILITARY PROBLEMS The Islamic Republic of Iran struggles with its armed forces once US supplied.
MENTIONED IN THIS ARTICLE
Jack Anderson
Carter Administration
CIA
John Stockwell
Stockwell
Wei
Iran
United States
Carter
Also Mentioned on This Page
LBJ
Joseph C. Harsch
Christian Science Monitor
Lone Fone
Veette Scott-te
Paul Harvey
The
Los Angeles Times Syndicate
Washington
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