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Inflation and price rises a cautious balance in 1960s economy
Sylvia Porter explains that small annual price increases of 1 to 1.5 percent are affordable and not crippling, with double prices taking 70 years at 1 percent. She notes 2 percent offers a generation, 4 to 5 percent doubles in 14 to 17 years, and over 7 percent doubles in about a decade, urging control of inflation for stable investment and living standards. Dr Gustav De Laval is mentioned as the milk cream separator inventor from 1878.
MENTIONED IN THIS ARTICLE
Sylvia Porter
Martin R. Gainsbrugh
National Industrial Conference Board
Gainsbrugh
Field Enterprises, Inc
Gustav de Laval