Word: saulniers
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Dates: during 1950-1959
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Others, including Harvard's Slichter, White House Economic Adviser Raymond Saulnier, and the Federal Reserve's William McChesney Martin have different ideas on growth. They argue that force-feeding offers no assurance of healthy growth, and point to the fact that all the spending and big deficits of the 1930s did not lick the Depression. On the contrary, the U.S. had its two most prosperous years -1956 and 1957-when the budget ran a surplus...
...President and Senora Frondizi and the good relations between our two countries.) Last week the President also: ¶ Signed, as part of his anti-inflation campaign, an executive order 1) creating an inter-agency Committee on Government Activities Affecting Prices and Costs and 2) naming his economic adviser, Raymond Saulnier, as its chairman. ¶ Accepted the resignation of his assistant for federal-state relations: Arizona's ex-Governor Howard Pyle, who is leaving to head the National Safety Council. ¶ Held a get-together with brothers Edgar (Tacoma lawyer), Earl (general manager of an Illinois newspaper chain), and Milton...
...Washington and Wall Street, the big worry is the galloping ghost of inflation, returning to haunt the U.S. economy even as it comes up out of recession. Said Chairman Raymond Saulnier of the President's Council of Economic Advisers last week: "Inflation is the problem now." But the U.S. could be thankful that inflation is not a far bigger problem-as it surely would be if the clamor for stronger antirecession measures had been heeded...
...ranging from $3 billion to $10 billion. It came from such disparate persons as Harry Truman and Herbert Hoover, such political opposites as Americans for Democratic Action and the National Association of Manufacturers, included some members of the Administration's own family. Arthur Burns, Saulnier's predecessor, called for "massive Government intervention" in the economy through both tax cuts and public works. The auto industry asked repeal of the 10% excise tax on autos. Others suggested huge WPA-style public-works programs, greatly increased Government spending. Such plans would have meant not only the loss of billions...
...year, when the recession presumably will be about over, thus adding explosive pressure to inflation. The most significant lesson to be learned from the recovery is that the U.S. economy has remarkable resilience, and has proved that it can right itself without massive Government spending or tax cuts. Said Saulnier: "We need to have patience, and not allow ourselves to get jittery. But I don't know whether we have learned our lesson...