Word: hellers
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...compiled by Clell Bryant and Claire Barnett. What does not appear in the excerpts is one little exchange that goes a long way to demolish Carlyle's famous description of economics as "the dismal science." Asked by Editor Loeb to clarify a point during the discussions, Dr. Walter Heller, a former presidential adviser, smilingly replied: "I purposely left that a little vague. I was following the Alex Cairncross dictum. His first rule when making a forecast is: Give either a number or a date, but never both. His second rule is: Never underestimate the power of a platitude...
...HELLER: I agree that we have passed the peak of inflationary pressures. But there is some evidence that, compared with previous years, inflation is more stubborn now. I'm not sure that prices are responding to anti-inflationary policies as quickly as we had hoped...
...HELLER: By the middle of next year, I would expect to see our G.N.P. deflator* down from its present level of 5.2% to below 4%-maybe somewhere between...
...HELLER: If you are inveighing against sin and asking the top business and labor leaders not to sin, you have to define sin. That means some kind of White House specification of what is and what is not in the national interest in terms of price and wage decisions. Exhortation or purely moral suasion will not work. That is an open-mouth policy without any teeth...
...that there is anything wrong with the grotesque. Joseph Heller, Terry Souhern, and Philip Roth are great people to have around, but the kindness that runs through Willie's Ladder and a few other recent novels (such as John Cheever's Bullet Park ) make a nice alternative to a steady acidic diet...