Word: thurrow
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Houthakker debated Lester Thurrow, professor of Economics at MIT and economic adviser to McGovern. Thurrow admitted that he came prepared to discuss "where do we go from here, now that Nixon...
...Thurrow charged that Nixon is "amoral" because he formulated his policies by the drift of public opinion polls, citing the abandonment of the Negative Income Tax plan. "He should lead the public opinion polls rather than follow them. The welfare program needs federalizing," he said...
Houthakker answered that Nixon would probably go back to his plan after the election because of necessity. He agreed with Thurrow that the Negative Income Tax failed because of the sharp criticism McGovern drew for his liberal $1000 dollar per person plan...
...Thurrow, like Houthakker, attributed the failure of McGovern's campaign to the number of programs that were continually proposed, and because of a "cultural shock factor...
...Thurrow said that Nixon would most likely concentrate on foreign policy in the next four years, and predicted that the President would leave economic matters to various councils. He said that a tax increase, and probably some kind of provision to close the tax loopholes, would be imminent...
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