Word: economistsâ
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...result, according to many economists???including those who think that the President had no choice?is greatly to increase the chances of at least a mild recession next year (and "mild" might mean a rise in unemployment to 7 million people, from almost 6 million now). Grumbles Arthur Okun, a member of TIME'S Board of Economists and sometime Carter
...today's pluralistic secular world it sometimes seems that they are. Apart from their shared religious identity and their common appendage?S.J., for the Society of Jesus?they are a bewilderingly diverse fraternity. They are seismologists, swamis, architects and engineers, theologians and winemakers, politicians, lawyers, social workers, astronomers, revolutionaries, economists???as well as missionaries, teachers and parish priests. The dictionary lists the adjective Jesuitical as a condemnation?"given to intrigue or equivocation"?but the title of Jesuit also carries the tradition of their aggressive brilliance...
...either a recession or a continued boom "a long shot." By his handicapping, the Government stands a 50% chance of bringing the inflation rate down to about 4% without causing a politically unacceptable rise in unemployment. Still, Okun insists?as do the other members of TIME's Board of Economists???that it is high time the Federal Reserve eased its monetary brakes...
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