Business: THE CRITICAL FIGHT AGAINST INFLATION

THE U.S. is a frustrated nation, but not all the blame for that condition attaches to the war in Viet Nam, racial bitterness, campus violence and crime in the streets. Government, business and consumers are deeply troubled by another major source of national tension: the rising pace of inflation. Though the U.S. standard of living is still the highest ever achieved, the value of the nation's currency is dwindling alarmingly. It has gone down by almost two-thirds in the past 30 years. A 1958 dollar is worth only 790 today, which means that a man must earn 26% more after taxes...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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 TIME.com

Learn more about the benefits of being a TIME subscriber

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