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Nixon faces inflation policy limits in new era economy
President Nixon weighs an incomes policy and tighter wage price guidance as inflation sustains despite full employment goals. Analysts say the era of easy controls is fading, with government spending, social obligations, and environmental and urban needs complicating balance. Nixon accepts Keynesian expansion and deficit budgets amid a tougher path to economic equilibrium.
MENTIONED IN THIS ARTICLE
John Caniff
NEW York
Nixon
Bethlehem Steel Corp