Word: economists
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Dates: during 1970-1979
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...others argue that the Federal Reserve's tight money policy is making a recession much more likely. In a forecast released last week, Economist Arthur Okun, a senior fellow at Washington's Brookings Institution, warns that a soft landing would be impossible in a "very soggy economy" and charges that the Fed's moves to push up interest rates are creating a "very severe risk of recession" later this year or early...
DIED. Jens Otto Krag, 63, twice Prime Minister of Denmark, whose personal crusade for European unity culminated in his country's vote to join the European Community in 1972; of a heart attack; in Jutland, Denmark. An economist and a Social Democrat, Krag became a Cabinet minister at 33, Prime Minister at 47. After Danes voted to join the Common Market, he shocked them by abruptly resigning. Said he: "The time I have used talking to newsmen I will now use for reading...
Greenspan defends the drastic medicine prescribed by Proposition 13. Says he: "Such brutal sledgehammer techniques turn out to be necessary to prevent government from continuing to increase its share of overall economic activity." Washington University Economist Murray L. Weidenbaum agrees: "If government doesn't cut rates, people have...
Rafael Ramírez said that when he completed his biochemistry course, he planned "to devote myself to the service of the revolution, wherever it might send me." The students were all talking about Africa, explained Elio Jiménez, a dark-skinned economist. "Because of the blood of our African ancestors, we cannot sit by idly and watch counterrevolutionary bandits snatch victory away from Comrade Agostinho Neto in Angola...
...foreword to Simon's book, Economist Friedrich A. Hayek says he cannot understand how a man of such outspoken views could have held a high Government post. Simon indeed prides himself on speaking out with all the exuberance of an Alger hero, and although it was always rumored that he was on the brink of being fired, he managed to survive. As Richard Nixon's energy czar, he hoped, in vain, to preside over the liquidation of his own empire. He writes, "There is nothing like becoming an economic planner oneself to learn what is desperately, stupidly wrong...