The First Carter Recession

Lekachman, Robert
June 1978
New Republic;6/10/78, Vol. 178 Issue 23, p10
Comments on the exchange of compliments between U.S. Federal Reserve Chairman G. William Miller and President Jimmy Carter after the latter decided to streamline his proposed tax cut and postpone its effective date. Carter's focus on inflation as the country's major problem; Carter's decisions and actions that are favorable to Miller; Economic developments that are not favorable to Miller; Miller and the Board of Governors' willingness to accept a recession as the price of progress against inflation.


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