Word: economists
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Dates: during 1970-1979
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...planned for next year and the continuing inability of federal agencies to spend money as fast as they are authorized to, rather than any determined slashing of programs. An Administration "hit team" is now examining the 1979 budget line by line, looking for places to cut. Jack Carlson, chief economist of the U.S. Chamber of Commerce, figures that they expect that it will eventually squeeze the deficit to about $35 billion...
Samuelson, a professor at the Massachusetts Institute of Technology, brunted much criticism for his book. In the spring of 1977, a Marxist economist wrote an antithesis to Samuelson's book called "Anti-Samuelson...
...idea calls for setting up numerical standards similar to the guidelines used in the early 1960s to restrain wages and prices. Other steps under study: two kinds of TIPS or tax-based income policies that must be passed by Congress. One was devised by Economist Arthur Okun of the Brookings Institution, the other by Henry Wallich, a member of the Federal Reserve Board. Okun's plan would give tax credits to workers and employers who hold down wages and prices. Wallich's idea is to impose tax penalties on those firms granting inflationary pay boosts or setting excessive...
What's in a name? Quite a lot, if the name happens to be Arthur Burns and it belongs to the legendary economist who left the Federal Reserve Board in March after eight years as chairman. Last week, following a quiet little bidding war for his services, the former Fed chief accepted a job as "senior adviser" at the highly influential investment banking firm of Lazard Frères. While Henry Kissinger surely holds the modern pay record for ex-Washington officials in part-time jobs on Wall Street,* Burns will do all right for a retired bureaucrat...
...announcements gave a slight but encouraging boost to the embattled dollar. Said Lawrence Krause, an economist with the Brookings Institution: "The Administration is playing it very wisely so far. You don't want to panic the markets the other way and shoot up the value of the dollar. Dribbling these things out is just right to keep everyone except yourself guessing." The White House, in fact, plans to announce some new but limited measures to bolster the dollar every few days for the next two or three weeks. Before going off on their separate vacations, President Carter and other...