Word: weidenbaum
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...this thing." Similar arguments from former Assistant Secretary of the Treasury Murray Weidenbaum got an equally cool reception. "I felt like somebody who had walked into one of those fancy men's clubs with his fly unzipped," he recalled...
...first, Connally went along with the Shultz conclusions; then he started boning up on reports dealing with the nation's economic miseries. Urged on by two deputies?Paul Volcker, an expert in international monetary affairs, and Murray Weidenbaum, a specialist in the domestic economy?Connally soon found himself studying a package of proposals that contained the basic ingredients of the New Economic Policy. Early in July, Connally asked his staff for weekly memos on anything that was on their minds. "I wanted their opinions on where we are," he recalls, "on the President, the Congress, the economy, what should...
...Administration, however, is committed to a particular level of spending in order to help expand the economy-so the question is not how much the Federal Government spends, but where it spends it. "Revenue sharing will not raise the existing federal tax burden," says Assistant Treasury Secretary Murray L. Weidenbaum. "The alternative to revenue sharing is not a smaller federal deficit. The alternative is a higher level of federal spending in some other, lower-priority areas...
...economic debates. It will neither go away nor, usually, assume any definite shape. The idea that the Government should try to guide private wage and price decisions into noninflationary paths has been urged on reluctant White House leaders by Federal Reserve Chairman Arthur Burns, Assistant Treasury Secretary Murray Weidenbaum, many private economists, some foreign central bankers, and a growing number of President Nixon's big-business supporters. Few of these advocates have specified what form an incomes policy should take or how tough it should...
Some of the nation's most inventive companies, and many of its best managers, scientists and skilled workers, have devoted their energies to military production. Assistant Treasury .Secretary Murray Weidenbaum wonders whether they can ever contribute much to a civilian economy. In a paper written just before he joined the Administration. Weidenbaum observed: "The Defense Department has slowly taken over many of the decision-making functions which are normally the prerogative of business management: the choice of products to produce, the source of capital funds, the internal operations of the firm." As a consequence, these firms have drifted...