Word: economists
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Dates: during 1970-1979
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...economists and businessmen who have been summoned to brief him about the economy have been impressed by his cold concentration. Last month in Plains, he listened to 16 of them for five hours straight?with one five-minute bathroom break. Only water was served. "Before we won, we served Cokes," said Carter, the closest he came to humor. Reports one participant, Economist Arthur Okun: "He is totally able to banish anything, any mortal concerns, like a crick in the backside or thirst or hunger or anything else." Adds Economist Walter Heller: "We call him 'Iron Pants...
...Carter could claim proven experience among other nominees. Minnesota Congressman Bob Bergland, his prospective Agriculture Secretary, is a real farmer. Carter also managed, finally, to find women for his Cabinet: black Washington Attorney Patricia Harris, who will be Secretary of Housing and Urban Development; and Economist Juanita Kreps, named to Commerce...
Neither a hawk nor a dove, Brown is a pragmatist suspicious of prevailing views. Says an old friend, Rand Corp. Economist Charles Wolf: "If exposed to hard-line views, he is likely to take softer ones, and if exposed to soft-line views he is likely to take harder ones." Says Teller: "Harold is a realistic, nondoctrinaire person...
American business was introduced last week to a Commerce Secretary unlike any other. Juanita Morris Kreps, 55, administrative vice president of North Carolina's Duke University, is the first woman ever appointed to that 63-year-old Cabinet office. She is also a labor economist, a graduate of a college that catered largely to penurious families in Southern Appalachia and a low-key feminist determined to help women find their place in the sun. She comes to Commerce with a very definite aim: to "encourage business to perform well all tasks that improve human welfare...
Conservatives Weidenbaum and Beryl Sprinkel, chief economist of Harris Trust & Savings Bank in Chicago, argue that any tax cut should be permanent. Such cuts, says Weidenbaum, would "serve as a useful restraint" on proponents of "vast new expenditure programs." At the same time, he says, permanent cuts would encourage consumers to spend more money over the long run because they would have more money to keep. Monetarist Sprinkel concurs, but questions what real good any tax cut will do. "We have a $1.8 trillion economy," he says. "If anybody thinks a $10 billion or $12 billion change in taxes will...