Word: nordhaus
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...idea of either industrialization or a new industrial policy infuriates some observers. Says Yale Professor William Nordhaus, a former member of President Carter's Council of Economic Advisers: "Reindustrialization is a Hula Hoop. On a deeper level, it is a pernicious idea that basically calls for re-enforcing sick indus tries." Charles Willson, vice president for area development at Chicago's Continen tal Bank, says that Government-sponsored cures "don't address the question of capital formation in a really productive...
...economic policy runs constantly at sixes and sevens. Anti-inflation actions, such as the wage and price guidelines, have repeatedly been half measures taken halfheartedly. Says Yale's William Nordhaus, a former member of the President's Council of Economic Advisers: "The Administration backed off from its anti-inflation policy all along the way. The policy has been a hollow shell...
...tight that they will break the inflationary psychology. He must prove to the U.S. public that sharply rising prices have not become a permanent part of the American way of life. If the President fails, the consequences would be serious, both politically and economically. Says former Carter Economic Adviser Nordhaus: "If this keeps up, we're going to be living in a world of 10% or 11% inflation indefinitely." In fact, if present trends continue, inflation at those levels could look like the good old days...