Word: nathanisms
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...implication of all these problems is that there will have to be a speedup in the pace of economic recovery to bring about an anti-inflationary rise in productivity, rather than the other way round. Says Robert Nathan, a member of TIME'S Board of Economists: "We need a hell of a big push on the economy through increased Government spending. This would lead to greater demand, lower unemployment, higher plant utilization and productivity, and give us a better chance to fight inflation." That is the reverse of traditional economic dogma, which holds that a rapid business expansion creates...
...struggle between Boston Broadcasting, Inc. (BBI) and the Boston Herald Traveler, co-owner of WHDH-TV, for control of TV Channel Five, flared up again Tuesday when a Suffolk County grand jury indicted Nathan H. David, executive vice-president of BBI, on three counts of security violations...
Professional economists were more cautious, but mostly approving. Robert Nathan and Beryl Sprinkel, two members of TIME's Board of Economists, believe that the President was wise in trying to form a consensus on wages and prices before establishing specific guidelines. Sprinkel, although an ideological opponent of economic controls, added that Nixon acted realistically in setting his goal as 2% to 3% inflation by the end of 1972, rather than specifying some lower number that would be more attractive but unreachable...
...very late stage of an exceedingly stubborn inflation. In addition, Nixon and many of his advisers, especially Budget Boss George Shultz and Economic Aide Herbert Stein, have in the past shown an ideological horror at any interference with free markets. Casting them as price-control planners, quips Robert Nathan, a member of TIME'S Board of Economists, is "like putting Polly Adler in charge of a convent...
...practice most would seek the board's guidance informally before negotiating wage increases or raising prices. As a last resort, the board could forbid by law or rescind any increases that it found excessive. It could seek injunctions and fines against flagrant violators of its rulings; Robert Nathan would go further and provide jail sentences...