Word: nordhaus
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...airbags work automatically, they provide constant protection: seat belts, by comparison, protect only those ten percent of all riders who bother to strap themselves in. The airbag has proven its effectiveness in millions of miles of road tests, and even a foe of government regulation like Yale economist William Nordhaus estimates that an airbag law would save, in addition to thousands of invaluable lives. $30 billion a year to the economy in insurance, medical, and lost work time costs...
...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...
...Nordhaus was unavailable for comment on the controversy yesterday...