Word: hellers
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Tribute to TIME for reserving a cover and comments for a brilliant, highly respected, pragmatic economist, Professor Heller...
...should college professors such as Walter Heller and his cronies advise the President on what to do about the economy of our country? Do the majority of the business leaders of our country believe in Mr. Heller's philosophy? After all, their work keeps our economy strong...
...Heller may advocate lowering the top income tax rate from 91% to 60%, raising the interest-rate ceiling on long-term bonds, and may feel that wage increases can be economically harmful, and still call himself a pragmatist. Galbraith can call for sales taxes and call himself a pragmatist...
...three-member Council of Economic Advisers, headed by Walter W. Heller...
Under prodding by the President, Heller and Martin decided that the apparent disagreement resulted from a difference of emphasis rather than from any fundamental conflict of views. Both sides agreed that the U.S.'s current unemployment is partly "structural" and partly "cyclical." and that each kind calls for a different set of remedies...