THE ECONOMY: Spirit of '57

Still haunted by memories of the Great Depression, Congress in 1946 passed a law making the Federal Government responsible for promoting "maximum employment, production and purchasing power." Last week, obeying a provision of this Employment Act, President Eisenhower sent to Congress his yearly Economic Report, and evident in its pages was a striking departure from the spirit of 1946. After a decade in which the gross national product soared from $232 billion to $412 billion and real per-capita income after taxes rose 20% (to an average $1,705 for every man, woman...

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