Tight Squeeze Seen For Economy in 1974 Discussion
In a wide roundtable from High Point, economists and bankers discuss inflation, wage and price controls, and the budget. They warn that government spending, deficits, and fuel costs shape shortages and consumer prices, while multiple factors demand long term reform and new strategies.
MENTIONED IN THIS ARTICLE
Cain
Congress
Great Society
Vietnam
Terry
Gruenberg
Colorado
Beech Mountain
Atlantic Beach
Economy discussion 1970s inflation and consumer behavior
A panel critiques rising prices and consumer confidence amid a sluggish recovery. Participants discuss luxuries as necessities, beef and automobile consumption, energy use, and policy impacts. They foresee higher unemployment, soft retail, and a slower rebound into 1976 or 1980 with cautious optimism.
MENTIONED IN THIS ARTICLE
Terry
Kruver
Mr. Cain
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High Point Enterprise
Bob Marks
Randall
Kruyer
Meadows
John P. Galbraith
Galbraith
Brown
Pleasants
Bob
Japan
Denmark
Washington
Ford
Franklin National
Marks
Lee
Russia
Harry Truman
Keynes
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