South Viet Nam: The Invisible Enemy

Of all the dilemmas facing South Viet Nam, none is more ironic or frustrating than the threat of economic collapse. The more aid and troops the U.S. pours into South Viet Nam, the greater the danger of runaway inflation, an in visible enemy that could prove as disastrous to the country as military defeat. Last week, as the fighting reached a new peak (see THE NATION) and the economy neared its nadir, Washington dispatched its top economic trouble-shooter to Saigon: former World Bank Boss Eugene Black, now Lyndon Johnson's special envoy for...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!