Word: restraints
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Harvard's President Derek Bok urges the "education of a new profession" for public service, with "more sophisticated skills in policy analysis and administration." Bok suggests that we are approaching "the threshold of a new era of scarcity and restraint in which the deficiencies of Government cannot be papered over by constantly rising levels of prosperity...
...legal issue involved in the Crossman case was the common law issue of prior restraint, an area in which British courts tend to be less concerned with protecting public acess to information than American ones. Hovering in the background, though not officially invoked, was the Official Secrets Act of 1940, passed under wartime conditions and giving the government broad powers to muzzle publication...
Courage is the greater part of leadership. But trying to define it in these complicated times is the biggest problem. It is a delicate equation, balancing instinct, intelligence, action and restraint. When the odds rise high enough against unlimited public exposure, then courage can blur into stubbornness and maybe even folly...
...their bills and present a program to the President before the Nov. 15 deadline. But unless the price provisions are drastically altered, the new measure faces almost certain veto by Ford. That would leave the nation again facing abrupt decontrol and zooming prices for oil despite OPEC'S restraint...
Serious Problem. Those words might, with Galbraithian irony, be applied to the author's own belief in wage-price controls as a panacea. Corporate and union power is indeed a serious problem for any government trying to restrain inflation, and there are times when wage-price restraint must be enforced. But Galbraith-style permanent controls tend in the long run to suffocate economic life by distorting market forces, discouraging business investment and initiative, and creating shortages. They also breed worker resentment over lost wage boosts that translates into more social and political unrest than a popularly elected government...