BELT-TIGHTENING BLUES President Nixon’s enactment of the 90-day “wage and price freeze” in 1971 appears to have met with mixed reaction from business
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چکیده
President Nixon’s enactment of the 90-day “wage and price freeze” in 1971 appears to have met with mixed reaction from business circles. This would not seem surprising in view of the fact that the President’s announcement climaxed a year of relatively ineffective inflationary curbs, declining corporate profits, and business uncertainties of massive proportions. Throughout most of 1970 and the initial months of 1971, our business community was faced with inflationary rises in operating costs, a soft consumer market, and tighter budgets.
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