Word: stimulus
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Dates: during 1970-1979
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...people see Silber in such a charitable light. No one denies that he is brilliant and enormously articulate, but many believe he is using his talents to the detriment of Boston University. For example, his critics say his abrasiveness and intransigence in labor negotiations were a major stimulus for union activity at B.U., which has had three strikes within the last year...
...Kemp-Roth form, the damage to capital formation and work effort by the tax system is said to be so great that massive tax relief would create more supply than demand and lower inflation. This is indeed a counter-Keynesian conclusion since it associates a huge increase in fiscal stimulus with a reduction in inflation. The challenge to this school of supply economics is to show empirically that the supply response created by a massive tax cut would be greater than the boost in demand. Otherwise, Kemp-Roth is just another recipe for inflation...
...fast gathering. Tight fiscal and monetary policies that can curb inflation may aggravate unemployment. "Poor Carter," said an aide. "He can't even get the timing of the recession to break in his favor. If the economy were really going soft now, he would solve it with some stimulus this fall and the recession might be over by spring. Instead of that, the recession will hit with full force in late fall and winter, and he'll move to stimulate next year...
...spending. But that required a degree of wisdom seldom seen in the spend-and-spend, elect-and-elect politicians of a democracy. Apostles of Keynes contended that to maintain the proper level of demand, the Government regularly had to "fine-tune" the economy with just the right amount of stimulus, either tax cuts or spending increases, or maybe both at once. As Feldstein puts it, the nonstop jiggling and juggling amounted to "an embellishment of Keynes beyond anything that he had claimed...
...human mind, the analytical and the reactive. The analytical mind perceives the immediate environment, puts it in the context of past experience, and compels one to act a certain way. It is the conscious part of the mind. The reactive mind operates below the state of consciousness as a stimulus-response mechanism. Through Scientology, Velona said, clasping both of his elbows across His chest...