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Aide denies Nixon policies will trigger European recession
President Nixon's adviser Dr. Paul McCracken rejects the idea that U.S. moves to correct the balance of payments will push Europe into a recession. He says coordinated expansionist policies can adjust the world economy orderly and notes actions like the dollar's gold linkage removal and a 10 percent import surcharge aim to balance international trade.
MENTIONED IN THIS ARTICLE
Aide
Nixon
Washington
U.S
Europe
Paul McCracken
Council of Economic Advisers
McCracken
United States