Business: Inflation Grows Worse

And the Government starts to view itself as the villain

At any Washington, D.C. cocktail party where economists are present (which is most of them), the main topic of fretful conversation these days is inflation. It is a strong tide that may momentarily ebb with an occasional optimistic statistic, only to rise again when new reports are issued. Echoing almost all the experts, as well as the public opinion polls. Federal Reserve Chairman G. William Miller told the Senate Budget Committee last week that inflation is the nation's No. 1 economic problem. He also...

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