Word: nathanisms
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...both March and April wholesale prices shot up at an annual rate of 14%-in part a result of the winter freeze. While no one expects that pace to continue, most board members think that the rate by year's end will still be 6% or more. Robert Nathan, a Washington consultant, noting sharp rises in industrial commodity prices and the inflationary impact of escalator clauses in union contracts, believes that prices at year's end could be climbing at a pace of 7%. Beryl Sprinkel, vice president of Chicago's Harris Trust & Savings Bank, is worried...
...Washington with Council of Economic Advisers Chairman Charles Schultze, who urged him to hold the increase to 6%. Last week U.S. Steel did so, and the rest of the industry fell into line. Several Board of Economists members nonetheless view such gentlemanly jawboning as inadequate to stop inflation. Nathan and Pechman predict that a disappointed President will eventually move to far more vigorous and public intervention in wage-price disputes...
Discontent with anti-inflation policy is only one part of the general liberal unease about Carter's economic performance. Heller, Nathan and Pechman believe that the economy could use still more stimulus to bring down unemployment faster. They note that Carter is now proposing a fiscal 1977 budget deficit of $48.7 billion-$8.5 billion less than the one projected by Gerald Ford...
Calling Scanlon "the Presidents' man," William A. Lee, acting chief of University police, read congratulatory messages from President Bok and former president Nathan M. Pusey...
Walter Heller of the University of Minnesota, Arthur Okun of Brookings and Washington Consultant Robert Nathan, all Democrats, see potential flaws in the plan. The program's proposal to return money collected in higher gas and crude oil prices in the form of tax credits to consumers will, in Okun's view, boost living costs, kick up wage demands and add to the Consumer Price Index. All three members would prefer that the Government use the additional tax revenues to help keep the C.P.I, down-either by paring payroll taxes or by returning the money to states...