Word: hoadley
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Dates: during 1981-1981
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...critics who counsel the abrupt abandonment of Reaganomics, some economists suggest a look at the alternatives. Says Walter Hoadley, former chief economist for the Bank of America and now a resident scholar at the Hoover Institution in Stanford, Calif.: "If the Administration backs away from its program under pressure, then the picture gets much worse. Inflation will take over America. Then there goes the dollar, interest rates, everything...