Word: beryl
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Professional economists were more cautious, but mostly approving. Robert Nathan and Beryl Sprinkel, two members of TIME's Board of Economists, believe that the President was wise in trying to form a consensus on wages and prices before establishing specific guidelines. Sprinkel, although an ideological opponent of economic controls, added that Nixon acted realistically in setting his goal as 2% to 3% inflation by the end of 1972, rather than specifying some lower number that would be more attractive but unreachable...
...BERYL SPRINKEL, senior vice president and economist of Harris Trust & Savings Bank, Chicago...
...appraisal" of Walter Heller, one of the nation's leading economists and an adviser to Democrats Edmund Muskie, Hubert Humphrey and Edward Kennedy. He notes that it would be the largest G.N.P. dollar advance in U.S. history. Adds Republican Alan Greenspan: "I come up with $99.8 billion." Beryl Sprinkel, an advocate of conservative monetary policies who often disagrees with Heller, calculates an advance "on the order of $100 billion...
...that labor doesn't bear the brunt." Says David Grove: "Nobody believes that the 90-day freeze won't be extended in some way, probably by setting up a policing review board. That's the minimum Government apparatus that is needed." In dissent, Beryl Sprinkel says: "A wage-price review board won't work. There are too many devices to thwart...
...BERYL SPRINKEL, senior vice president of Chicago's Harris Trust & Savings Bank, was in Europe and could not attend the meeting...