Word: maisels
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AUNTS, UNCLES AND COUSINS from faraway places came to celebrate the last bar mitzvah of the generation. Balloons danced in the early summer air. That morning Josh Maisel, then 13, entered Beth Israel Congregation in Waterville, Me., as a child, and he emerged, in the eyes of his faith, a man. Serious duties replaced the weightlessness of his younger years. As a child, Josh had listened to Scripture and learned; as an adult, Josh is allowed to read from the Torah so that he can pass on his family's faith to a new generation...
...Narrow Path. Burns and the other governors-Lawyer James L. Robertson, Banker William Sherrill, Economists George Mitchell, J. Dewey Daane, Sherman Maisel and Andrew Brimmer-seem in general agreement on broad policy. All are determined to avoid the erratic swings of the late Martin years, when the FOMC sometimes shifted within a few months from actually shrinking the nation's money supply to expanding it at an annual rate of as much as 10%. They agree that, in Burns' words, the Federal Reserve must "tread a narrow path"-dribbling out just enough money to keep the economy from...
...Maisel and George W. Mitchell, both economists, side with Friedman in contending that the Federal Reserve has kept money scarce for so long
...Friedman sees it, the timing and severity of a recession will depend mainly upon how quickly Maisel and Mitchell can persuade their fellow board members to ease up on money. President Nixon can cajole the members, but legally he cannot control the actions of the board, which is independent of the executive branch. As a practical matter, though, the board would find it difficult to resist presidential arm-twisting...
...Power to the people! Frank Alden Bovey III '67 Robert Sampson Buritz Jr. '67 Peter R. Christy '67 Rev. Douglas A. Maisel...