The Economy: With Statistics That Are Steadier than the Arguments

In their determined efforts to maneuver between recession and further inflation, the Johnson Administration's economic policymakers have somehow managed with splendid impartiality to alienate some of the more important segments of Congress, labor, business, the banking community and the formidable fraternity of economists. Last week the simmer of discontent between economy molders and their critics heated up and nearly boiled over.

For weeks now, former White House braintrusters of such varied stripe as Walter Heller and Paul Samuelson, editorialists as far apart as the Wall Street Journal and the New York Times and Senators of such diverse views as New...

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