MONEY: Burns Prods for Reform

Federal Reserve Chairman Arthur Burns has been an intellectual prodder to the Nixon Administration, speaking up in favor of such unpleasant but necessary moves as wage-price controls and dollar devaluation. Last week he set out to overcome the Administration's seeming hesitancy to start negotiations quickly for rebuilding the world financial system, which cracked apart last summer and was only patched back together by last December's currency realignments. At a conference of U.S. and foreign bankers in Montreal, he outlined a ten-point program that was the first statement by a high U.S. official of goals for a new money system. It...

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