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...economy were based on the free market at work, then economists could predict the future with a high degree of accuracy. But with the Federal Government's increasing influence in the private sector, the economist finds himself in the role of the middle linebacker trying to guess which play the quarterback (Paul Volcker) is going to run next. Under these conditions, 50% accuracy...

Author: /time Magazine | Title: Letters: Sep. 17, 1984 | 9/17/1984 | See Source »

...officials," he said, "tends to inhibit individual initiative and sometimes cripples the ability of men and women to work toward a better future." Buckley cited the examples of Hong Kong and South Korea, in which increases in population were accompanied by rapid economic growth because, he said, the private sector has been allowed to flourish...

Author: /time Magazine | Title: Population: A Debate over Sovereign Rights | 8/20/1984 | See Source »

...suspend petty political quarrels, petty nitpicking and faultfinding and join hands to save the nation," declared Marcos. He offered a ten-point program for economic recovery that includes new curbs on public spending and closer cooperation between the government and the private sector...

Author: /time Magazine | Title: The Philippines: A New Show Becomes a Replay | 8/6/1984 | See Source »

Reagan believes that too many Government promises and programs have already dimmed the national spirit. He is convinced that the magnificent goose, whose golden eggs Mondale loves to distribute, does not live in the White House but resides in the private sector, fed by the vision of great reward and the fear of failure. Government now threatens rather than encourages the creation of wealth, the source of American strength, by Reagan's lights. He does not know Government very well, nor does he fully understand what has happened to this society and the world during his long life...

Author: /time Magazine | Title: The Presidency by Hugh Sidey: Mr. Inside vs. Mr. Outside | 7/30/1984 | See Source »

...through a ferocious training regime, he also studied economics, political science and financial management). His extraordinary motivation is an asset in a sport whose audiences generally consist of coaches and a few patient relatives. "Am I sacrificing something by doing this?" he asks. "No. Those people in the private sector are the ones missing out. They will never know what it is like to stand in the Olympic arena, see the flag raised and ..." Will he get a medal? He is given only a slight chance. But whatever the outcome, Storm has no regrets. "Values are permanent. Discipline is permanent...

Author: /time Magazine | Title: Olympics: Just Off Center Stage | 7/30/1984 | See Source »

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