Word: maier
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Dates: during 1980-1989
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That is precisely what worries many critics of block grants. Officials of the U.S. Conference of Mayors, who met last weekend in Louisville, complain that states have historically been insensitive to the needs of urban areas and the disadvantaged. Says Milwaukee Mayor Henry Maier: "Our city has only 16% of the state's population, but we have 30% of the poverty. The state will not reckon with this when it distributes the funds." Civil rights, education and social service leaders are also wary of entrusting the purse strings to statehouses, and more than 60 citizens and religious groups have...
James S. Duesenberry, Maier Professor of Money and Banking, said the Federal Reserve Board, responsible for changing the money supply through interest rates, "is looking for a durable policy...