Word: economice
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Dates: during 1960-1969
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Ike ordered a search for the man who knew most about depressions and their causes to head the President's Council of Economic Advisers. The search soon narrowed to Burns.
In view of his steadiness and stubbornness, it is paradoxical that Burns' principal advice to Nixon lately has been that the Government has to create economic "uncertainty." Burns believes that inflation can be stopped only if the Government persuades businessmen and consumers that prosperity is not necessarily perpetual and...
By contrast, Bill Martin over the years has been much more worried about the perils of recession. Martin's real hallmark at the Federal Reserve was a willingness to switch from easy-to tight-money policies and back again as he thought the situation required. He cooperated with the...
Burns will hardly have the trouble with Nixon that Martin had with Johnson. Burns is Nixon's favorite economist, and the saying in Washington is that "when Arthur talks, Nixon listens." The President has said that his choice of Paul McCracken to head the Council of Economic Advisers was...
After going to Rutgers as an assistant professor of economics, he married the former Helen Bernstein, a onetime schoolteacher. Burns became an expert on business cycles, tracing 600 economic indicators through their ups and downs, and isolated 21 that gave an early guide to the direction of the economy as...