Word: hellers
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...Volcker, chairman of the Federal Reserve Board, before Reagan took office-though they note Reagan has supported that policy. Some also see the slump as a delayed effect of the vacillating economic strategy of Reagan's predecessor. "I call it a Reagan-Volcker-Carter recession," says Economist Walter Heller, chairman of the Council of Economic Advisers in the 1960s...
LECTURE: "Ideology and Social Policy" William Ryan; Heller Lounge; Thursday at noon...
Liberal economists are relishing the Administration's plight. Says Walter Heller, onetime chief economic adviser to John F. Kennedy: "You really had to be an ostrich not to see this thing coming. It is not just the inherent contradictions within the program but the bitter rivalries between the monetarists, supply-siders and budget-balancers within the Administration, who are all out to influence policy...
...business and academic economists, who perform a vital service by tipping us off to what the economic community is thinking about and pointing out future trends." (Current members: Otto Eckstein of Harvard University, Martin Feldstein of the National Bureau of Economic Research, Alan Greenspan of Townsend-Greenspan & Co., Walter Heller of the University of Minnesota, James McKie of the University of Texas and Joseph Pechman and Charles Schultze of the Brookings Institution.) Two of the board's distinguished alumni are currently high officials in the Reagan Administration: Murray Weidenbaum, chairman of the Council of Economic Advisers (the fifth board...
...professor emeritus at Harvard: "The Administration has promised vigorous expansion through supply-side incentives in combination with monetary policy that works through high interest rates and a powerful contraction of the economy. This contradiction can only be resolved by divine intervention-a task for the Moral Majority." Adds Walter Heller, who was President Kennedy's chief economist: "Only an ostrich could have missed the contradictions in Reaganomics...