Word: niskanen
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...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...