TIME Covers Wall Street

1971: Shultz v. Burns: Battle of the Economy
"Today's lingering inflation hangs on — and on and on. It is a particularly joyless affliction. Instead of expanding fast, businessmen are holding down their capital budgets and laying off workers. Instead of spending and investing, the public is saving at record rates and staying out of the stock market. For one of the rare times in U.S. history, almost everyone feels less well off than he was several years ago."
From: The Showdown Fight Over Inflation, Aug. 16, 1971

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