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Predicting Nixon Era Economy Faces Mixed Forecasts
Washington analysis reviews President Nixon and advisers Shultz and Stein as they forecast inflation and unemployment from 1971 to 1973. It notes repeated optimistic projections clashing with rising food prices and price controls, highlighting shifts in Phase 3 and Phase 4 policies and unemployment trends.
MENTIONED IN THIS ARTICLE
Nixon
Treasury
George P. Shultz
Herbert Stein
Council of Economic Advisors
Congress
Stein
Shultz
Wising Shultz
Mos
Joint Economic Committee
Grocery Manufacturers’ Association
Office of Management and Budget
Mouse Ways and Means