ECONOMICS: Plain Talk

With the air of a sorely tried progressive educator who has at last concluded that his students' delicate egos could stand a bit of bruising, the U.S. began to tell off the bad little boys of the EGA class. First to get a tongue-lashing was Greece, where Ambassador Henry Grady warned Premier Sophocles Venizelos that continued ECAid would depend on improved economic and political behavior. Last week the Greeks were joined by two more victims of the new American candor—the Republic of Korea, which was" told to check inflation, and Italy.

The...