Word: friedman
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...general monetary matters, Burns seems sympathetic to Conservative Economist Milton Friedman's theory that the Federal Reserve should expand the money supply at a fairly steady rate of 2% to 6% a year, depending on economic conditions. Friedman often debates economic policy with Burns on holidays in Vermont, where the two economists have vacation homes next to each other. Not surprisingly, Friedman hailed Burns' appointment as "splendid." Friedman admits, however, that "Arthur takes a long time to make decisions, and once he has made them, it is very difficult to get him to change his mind." Economist Raymond...
Appraisals of the program's success are as varied as the emotions it stirred up. Says James Hawkins, principal of an elementary school: "It did some good if it did nothing more than develop some awareness." Sonya Friedman, a clinical psychologist who served as a group leader, notes that some younger teachers "showed signs of coming around," but that older ones had difficulty changing their ways. She also complains that the give and take was all one way: blacks lashing out at whites, and whites taking it. "There was no cry the whites could make that the blacks could...
...ability to articulate as for their ability to play the sport." One would-be football diarist from the Pittsburgh Steelers who wrote to ask for the Kramer treatment was rejected out of hand because he misspelled Pittsburgh. Diaries of Hockey Player Derek Sanderson, Basketballer Dave DeBusschere, Concert Violinist Erick Friedman, a Long Island rabbi, a Marine captain in Viet Nam, an airline pilot and a single career girl are coming along nicely...
Every week that passes without firm evidence of impending victory in the war against inflation intensifies the debate over the Nixon Administration's economic strategy. As the debate grows louder, it also grows more confused. Milton Friedman and other "monetarist" economists warn that the Federal Reserve Board may already have tightened credit enough to raise a threat of "severe economic contraction." A.F.L.-C.I.O. President George Meany and Economist John Kenneth Galbraith insist that the restraints are ineffective and that only some form of wage and price control can slow price increases...
...debate mirrors more than the deep differences in economic theory between, say, Friedman and Galbraith. Whatever theories they follow, the economists who are trying to analyze the current state of business from available statistics are something like the legendary three blind men who tried to find out what an elephant was like by feeling its trunk, legs and tail. The Government gathers some statistics in stupefying detail; many critics, for example, consider the myriad crop statistics published by the Agriculture Department to be a quixotic extravagance. On the other hand, some key figures that might disclose how much inflationary pressure...