Word: presidentitis
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Dates: during 1960-1969
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For the past 18 years, the seven-member board has been headed by William McChesney Martin, 62, who has become almost as much a fixture in the capital as the Washington Monument. But his term in the $42,500-a-year job ends on Jan. 31, and by law he...
Burns, speaking in his role as Counselor to the President and coordinator of Administration domestic policies-a Cabinet-level position created specifically for him-strongly seconded Nixon.
Flirting with Recession. The question that bothers some fellow economists is whether Burns will demonstrate the necessary flexibility and adopt an expansionary policy at the right time. His record in that respect is mixed. Intellectually, Burns recognizes the Government's obligation to maintain prosperity. As chairman of President Eisenhower...
By contrast, Bill Martin over the years has been much more worried about the perils of recession. Martin's real hallmark at the Federal Reserve was a willingness to switch from easy-to tight-money policies and back again as he thought the situation required. He cooperated with the...
Burns will hardly have the trouble with Nixon that Martin had with Johnson. Burns is Nixon's favorite economist, and the saying in Washington is that "when Arthur talks, Nixon listens." The President has said that his choice of Paul McCracken to head the Council of Economic Advisers was...