Word: borch
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Dates: during 1970-1979
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Basic Difference. The Administration's economic management came under fire at week's end from an unexpected source: the mostly Republican corporate chiefs who attended a meeting of the Business Council in Hot Springs, Va. A panel discussion with Government policymakers exposed what General Electric Chairman Fred Borch called "a basic judgmental difference as to whether monetary and fiscal policies alone will slow down inflation. They [the Government panelists] think it will. We do not." The executives called for a variety of Government measures aimed at improving productivity in order to offset the impact of wage increases, including...