Word: economists
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Dates: during 1960-1969
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Simple Relief. As Nixon continues his careful preparations for the Inauguration, ten task forces are preparing reports on such problems as taxes, transportation, public welfare, and the environment. Michigan Economist Paul McCracken, a member of Eisenhower's Council of Economic Advisers, will supervise the writing of reports on what one aide called "the swords of Damocles hanging over our heads...
...disturbing rate of inflation-currently more than 4% a year-to about 2.5%. That, in turn, would go a long way toward strengthening the position of the dollar abroad. Yet excessive zeal in combating inflation could throw the nation's economy into reverse. The new Administration, says Yale Economist Henry Wallich, a onetime economic adviser to President Eisenhower, will find that it must perform a delicate balancing act "between policies that would bring on a recession and ones that would continue inflation...
These indicators raised expectations that the long-predicted economic slowdown would at last materialize early next year. If it does, says Economist Arthur Burns, Eisenhower's former chief economic adviser and now a key Nixon man, some sort of surtax reduction will be possible. On the other hand, a tax reduction could well touch off a new round of inflation. With the inflation threat obviously in mind, Pierre Rinfret, Manhattan economic consultant and another Nixon adviser, conceded in London last week that Nixon might conceivably have to retain the surcharge, or even raise taxes. "I don't think...
...means. Lately, under prodding from abroad, the British have been pondering whether to rely more on controlling the money supply to regulate the pace of business. During the second quarter of this year, the amount of money in circulation rose at the inflationary rate of 10% a year. Many economists now contend that this was an underlying cause of the worrisome consumer-spending spree. Argues London's influential weekly, the Economist: "The British government's views on money supply are completely out of date...
...explain why he expects the Administration's policies to cool the U.S. economy soon, Economist Walter W. Heller last week recalled an old poker-room joke that, he said, he had heard from President Johnson. It has to do with a professional dealer who is getting an unexpected show of strength from one of the local yokels. "Reuben," says the shark, "you better play fair, because I know exactly what I dealt...