Word: samuelson
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Dates: during 1970-1970
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...market slide could contribute to the political turmoil by helping to aggravate the business downturn. Economists generally do not consider the market a major determinant of the pace of business, but most concede that, in Paul Samuelson's words, "There is a little wagging of the dog by the tail." A continued stock slump would make it more difficult for corporations to raise money by selling new shares-and that is already extremely difficult. Nixon's economic advisers have tended to ignore the market, but now they are paying a little more attention. They know that retail sales...
...left Hand was a Crocodile-bound Edition of Adam Smith's Wealth of Nations. Dropping from his Right was a golden Sling, in whose Pouch rested a Bronze-studded, Morocco-bound Copy of Samuelson's Economics. Gazing down with Compassion at the charging, wildly braying, thundering Hordes, a Talon grazed near...