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Economists Split on Nixon Plan Strong Medicine or Political Move
Economists voiced mixed reactions to Nixon's announced plan. Eliot Janeway warned inflation would worsen and a fourth quarter recession could follow. Lawrence Klein called it a definite improvement, while others urged earlier action and questioned long term effectiveness.
MENTIONED IN THIS ARTICLE
Eliot Janeway
Janeway
Gardner Ackley
Council of Economic Advisers
Kennedy
Johnson
Hendrik Houthakker
Harvard
Economic Advisers Panel
Nixon
Houthakker
Lawrence R. Klein
University of Pennsylvania
Klein
Wharton Econometric Forecasting Associates