The Economy: Advice from Activists

President Eisenhower has steadfastly preferred to call the current economic situation a "readjustment," but John Kennedy has already declared it to be a "recession." If recession it is, Kennedy will suffer from no lack of advice on how to cure it, for he is surrounding himself with a luminous little galaxy of economists from the "activist" school that believes in blunt talk, Government-inspired growth rates, and far-out federal measures to prime the pump. Last week the advice was raining down to the steady beat of one theme: more Government spending, conspicuously including deficit spending.

National Warning. At Kennedy's request, a...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!