Word: right
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Dates: during 1960-1969
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...District Judge Morris Lasker has just denied a preliminary injunction. As he saw it, the poster makers had violated no law; moreover, banning the posters might infringe on their right of satirical expression. With a gallant touch, Lasker also reassured the Girl Scouts that their sturdy reputation for virtue would easily survive this "wry assault." Said Lasker: "Those who may be amused at the poster presumably never viewed the reputation of the plaintiff as being inviolable. Those who are indignant obviously continue to respect...
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's Council of Economic Advisers from 1953 to 1956, he agreed to increases in Government spending and in the credit supply that his successor, Saulnier, thought were too expansionist. In early 1960, he advised Nixon, then Vice President, that federal spending should be increased and credit eased to head...
...stubbornness, it is paradoxical that Burns' principal advice to Nixon lately has been that the Government has to create economic "uncertainty." Burns believes that inflation can be stopped only if the Government persuades businessmen and consumers that prosperity is not necessarily perpetual and price rises are not inevitable. Right now, there is quite a bit of uncertainty. Last week, for example, the Government reported that in September personal income showed the smallest rise in 17 months, and industrial production dropped for the second straight month...
...Once ensconced in the White House, he optimistically judged in April that it would be reasonable to expect the Administration to bring the rate of inflation down to 3% for 1969. It is now running at 6%. Nevertheless, Burns brings to his new job a formidable reputation for being right more often than wrong, and the power that comes from being a longtime trusted adviser of the President...
...crucial matter of handling the economy, Nixon has been following Burns' advice. They are in agreement: the pressures that are being applied are right, and results will come if the Government stays on its course. Because Burns is reluctant to change his mind once he has made it up, he could stay on that course too long. Burns will unquestionably continue to have Nixon's ear. But there is some doubt in Washington about what will happen when the President decides that the time has come to switch from anti-inflation to antirecession policies-and quietly calls...