Nation: The Economy: Scary

Inflation rages on, and everybody is getting angry

As cries of alarm filled the air last week over the news that inflation had hit 18% per year, the Carter Administration was orchestrating a symphony of its own responses. "We have reached a crisis stage," the President declared. Television crews filmed determined officials, sleeves rolled up and ties loosened, working in normally free hours to cut the budget that Carter himself had sent to Congress only a month earlier. As the week began, Cabinet members slogged through snow-clogged streets to their offices for Sunday meetings...

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