Word: saulnier
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Dates: during 1960-1969
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...progression toward undermining the currency," he told the Economic Club of Detroit. "The dollar is stronger than gold, but like it or not, the world no longer has the confidence in the dollar that it once had. People doubt that we can handle our own affairs." Economist Raymond Saulnier, who was chairman of the Council of Economic Advisers in the Eisenhower Administration, took sharp aim at the Johnson Administration: "When you live in a managed economy," he said, "you run the risk of mismanagement...
...tighten up soon, but if it does many financial men fear the Treasury will be hard put to borrow $10.6 billion before year's end to pay the nation's soaring bills. "I think the Fed has been had," said former Chief White House Economist Raymond Saulnier last week. "We're on the brink of a financial crisis...
Among economists and businessmen alike, today's foremost worry is how to keep wage escalation from becoming inflationary as the economy regains its momentum. "The major question is not whether we avoid a downturn, but what kind of advance we are likely to have," says Raymond Saulnier, who was chairman of President Eisenhower's Council of Economic Advisers and is now a Columbia University economics professor. Because the upturn will begin with low (currently 3.6%) unemployment, "it is virtually bound to be inflationary," insists Arthur Burns, another Eisenhower CEA chairman, now chairman of the National Bureau of Economic...
...prevent just this, a tax hike was urged privately but none too effectively by Gardner Ackley, chairman of the President's Council of Economic Advisers, and publicly by such former CEA chairmen as Walter Heller, Arthur Burns and Raymond Saulnier, as well as the Federal Reserve's Chairman William McChesney Martin. Johnson rejected the advice. Administration insiders say that the President took soundings on Capitol Hill and decided that he could not persuade Congress to pass a tax increase in an election year. House Ways and Means Chairman Wilbur Mills and Senate Finance Chairman Russell Long opposed...
...worked for Lyndon Johnson as well as John Kennedy and now teaches economics at the University of Minnesota, said that recent price increases and inventory buying have become so "disquieting" that the Government should start figuring out right now just which taxes to raise if pressures increase. Raymond J. Saulnier, who served under Dwight Eisenhower, said that the time had come to "cool off the economy a bit"; he called for a cut in Government spending, followed, if necessary, by a tax increase. Arthur Burns, who also served Ike, proposed much the same remedies as Saulnier. Even Leon Keyserling, Harry...