Word: economists
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Dates: during 1960-1969
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...most sensible way in which the new nations can improve their lot is by forming federations: getting together to face common problems and opportunities while maintaining a healthy measure of separate identity. Economic federation is certainly the most promising form at the moment, despite some early failures. What English Economist Barbara Ward calls "technocratic federations" are likely to sprout in the future-and the young nations should begin planning how and when they can form and join them. This would happily preserve their proud national prerogatives while offering the benefits of a large economic mass and a sharing of modern...
...HHFA Director, Weaver followed an essentially inner-city-directed policy rather than attempting to deal with the metropolis as an entity. That approach has attracted criticism. Argues Harvard Business School Economist Raymond Vernon: "To talk about rebuild ing central cities for re-use by people there now is a good political move and a bad social one. Our Eastern cities were built around 1800. What a remarkable coincidence it would be if the density established for those patterns of life happened to be right for 1965!" To such barbs, Weaver retorts frostily: "I'm all for letting people...
...that the time had come to "cool off the economy a bit"; he called for a cut in Government spending, followed, if necessary, by a tax increase. Arthur Burns, who also served Ike, proposed much the same remedies as Saulnier. Even Leon Keyserling, Harry Truman's far-out economist, wanted higher taxes-though not to reduce inflation but to guarantee that federal welfare spending would continue to rise despite the demands of Viet...
...might recast the Federal Reserve to swing it toward looser credit. Last week, however, the President appointed Assistant Commerce Secretary Andrew F. Brimmer, the board's first Negro member, who seems unlikely to change its apparent inclination toward restriction. Brimmer, 39, a Harvard Ph.D., is a onetime economist at the New York Federal Reserve Bank and is known as cautious and moderate in money matters...
...monetary policy alone does not do the anti-inflationary job, the Government will move on the tax front. Economist Heller proposes a temporary suspension of the 7% tax credit for new investment; that apparently would be a quick way of relieving the capital-spending boom without offending too many people. Treasury Secretary Fowler, however, would prefer a general increase in corporate and personal taxes if necessary. Said Senate Minority Leader Everett Dirksen last week: "The Ad ministration is talking in terms of another 5% income tax increase and an added 2% corporate tax later this year...