Word: economists
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Dates: during 1970-1979
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...fact that Californians wielded a meat ax as they cut into taxes bothered many advocates of more moderate efforts to put limitations on government spending. Liberal Economist Walter Heller, chairman of the Council of Economic Advisers under both John F. Kennedy and Lyndon Johnson, noted in the Wall Street Journal last week: "Clearly, governments the country over need to be brought to book, they need to deliver more per dollar of tax, and they need to deliver excess tax dollars back to the taxpayer. But all of that can be readily granted without committing fiscal hara-kiri." To John Petersen...
...Economist Otto Eckstein sees a different and more beneficial effect?"a rapid growth in the private sector and a decline in the public sector." He adds: "The results are good in terms of changing things around. The voters in California have slowed down the growth of government. This will force the public sector to become more efficient, which is hard...
...Californians, a demagogic devil to others. A retired millionaire manufacturer, Jarvis has been railing against high taxes for 15 years. Jarvis, whose face looks a bit like a California mudslide, has been demolishing debating opponents with his oddly compelling blend of verbosity, profanity and humbug. He has enlisted U.C.L.A. Economist Neil Jacoby to polish his simplistic arguments about the stultifying impact of the rising property tax. Nobel-prizewinning Economist Milton Friedman, now teaching at Stanford, made TV commercials free of charge to back 13. Claims Friedman: "If we continue the growth of government and its involvement in our lives...
Jack Carlson, chief economist of the National Chamber of Commerce and a former top OMB official, says: "The President needs a change at OMB, a man who can stand toe-to-toe with someone like Labor Secretary Ray Marshall or Defense Secretary Harold Brown and tell him to drop programs." Carlson's glum conclusion: "There will be no serious budget cutting with Mclntyre there...
...become a subject of serious study in universities. The leading professor is Murray Weidenbaum, a former Assistant Secretary of the Treasury (1969-71) who knows his subject only too well. At the Center for the Study of American Business, which he heads at Washington University in St. Louis, Economist Weidenbaum, 51, is examining how the policies and regulations of B.I.G. are feeding inflation, impeding efficiency and otherwise rubbing up against private citizens. Given the bullish bulge of bureaucratic power, his institute is quite a growth enterprise...