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Democrats slam Nixon inflation alert and productivity panel
Democrats dismissed Nixon's first inflation alert as ineffective and lacking concrete remedies. Gardner Ackley, ex-chair of the Council of Economic Advisers, questioned the productivity commission's usefulness and urged continuing Johnson-era economic restraint. Ackley noted the alert cited past price trends but offered no actionable plans, especially on wages and prices in autos.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Weather Bureau
Presidential Productivity Commission
Gardner Ackley
Council of Economic Advisers
Johnson
Democratic Policy Council
Ackley
National Commission On
Paul W. McCracken