Burns calls for new thinking on economy and policy
Federal Reserve Chairman Arthur Burns urged in a Georgia speech that conventional stabilizing policies are outdated. He argued the economy is unique, with a shifting structure and no meaningful tradeoff between unemployment and inflation, urging deeper policy research by Congress and scholars.
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John Cunniff
NEW York
Arthur F. Burns
Federal Reserve Board
University of Georgia
Burns
Death of North Carolina legislator Arthur Thomas Jr
State Rep. Arthur W. Thomas Jr., 60, Cabarrus County Democrat, died when his car struck a concrete bridge railing near Concord before dawn. He served in 1973-75 legislatures, chaired State Properties, and held several local posts including United Methodist Church trustee chair and Concord Chamber president. He leaves a widow and three children.
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Concord
N.C
Arthur W. Thomas Jr
Cabarrus County
Tony Hooks
United Methodist Church
Thomas
Chevrolet
North Carolina Auto Dealers Association
Appropriations
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