Word: hellers
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...climb back to sustained growth without aggravating inflation. Last week, with the downturn already showing signs of beginning to bottom out, members of TIME'S Board of Economists somberly concluded that this recovery would not bring any significant slacking of price hikes. Democrat Walter Heller from the University of Minnesota appeared to sum up the views of his colleagues on the board with a rhetorical question: "Recession, where is thy anti-inflationary sting?" Instead of halting the runaway rise in consumer prices, the decline seems merely to have kept the inflationary pressure bottled up and ready to escape...
...board was equally critical of Presidential Candidates Carter, Reagan and Anderson for their failure to propose meaningful programs to combat the renewed inflationary menace. Heller approvingly noted that Anderson has supported the idea of a tax-based incomes policy whereby Government would give tax breaks to companies that hold down prices and to workers who settle for modest wage increases. There seems little likelihood, however, that any such program will become law any time soon. Said Economic Consultant David Grove: "I haven't heard the candidates come up with a program for dealing with inflation that is very credible...
...members of TIME'S Board of Economists have close ties to two of this year's presidential nominees. Alan Greenspan, chairman of the Council of Economic Advisers under President Ford, is now a strategist for Ronald Reagan; Walter Heller, who was President Kennedy's chief economic aide, is an occasional consultant to Jimmy Carter. During a luncheon discussion last week, the two economists debated their candidates' policies. Some highlights...
...Heller: What budget cuts has Reagan specified? None except the elimination of waste, extravagance, abuse and outright fraud. I call those the four horsemen of the budget apocalypse. Actually, they are tired old nags that have been trotted out by every presidential challenger. No more than $4 billion could be saved that way. Until Reagan gives us chapter and verse on what programs he will cut and by how much, his balanced-budget pledge is no more than a pious hope. It's a little cruel to call this voodoo economics, as George Bush apparently...
...reaction to the Carter program has been critical. Connecticut Democrat Robert Giaimo, the powerful chairman of the House Budget Committee, called it "statesmanlike." And Walter Heller, the University of Minnesota economist, approvingly observed that it was "a carefully crafted conservative program." One of its most commendable points is that despite its election-year timing, it contains more relief for business than for vote-casting individuals. Said Carter: "Now is no time for an excessive stimulus program nor for inflationary tax reductions. We must make careful investments in American productivity." The program's benefits for business will be worth about...