Word: niskanen
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Dates: during 1980-1989
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...Reagan's own Council of Economic Advisers. Murray Weidenbaum says in Rendezvous with Reality, "We are consuming more than we are producing, borrowing more than we are saving, and spending more than we are earning. We are rapidly approaching the time when we have to pay the piper." William Niskanen says in Reaganomics, "The federal budget reflects a fundamentally schizophrenic preference -- for federal spending of about 23% of GNP and for federal taxes of about 19% of GNP. Something must give...
...increase and warning that the federal deficit could throttle the recovery. Months before Feldstein resigned his post "the CEA was frozen out by the rest of the White House," says a senior Treasury official. The CEA has languished without a chairman ever since. The two remaining council members, William Niskanen and William Poole, intend to leave by the end of January...
...attention of the Reagan Administration, which has burst out in a chorus of denials. President Ronald Reagan last week told reporters flatly, "There is no danger of a depression." Murray Weidenbaum, chairman of the Council of Economic Advisers, said the economy already "may be hitting bottom." And William Niskanen, a member of the council, said: "I hear this sort of depression rhetoric every time there is a recession...