The Economy: Commitment for Expansion

The Johnson Administration, steadily increasing its influence on U.S. business, again made clear last week that it intends to use all the tools at its command to keep the economy high and rising. One clue came in a rather academic statement made by Chief Presidential Economist Gardner Ackley to a U.S.-Japanese trade group: "I can assure you that we have the means and, I believe, the will to adjust either or both sides of the budget, if that should be necessary, in a way which will contribute to the steady and adequate expansion...

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