STATE OF BUSINESS: Keeping the Records Straight

As political orators began addressing themselves to the state of the economy this week, it was clear that between now and November the beleaguered U.S. voter will hear some wildly confusing statements about how he and the economy are doing. Before the Democratic Platform Committee in Chicago, Leon H. Keyserling, lawyer and politically nimble chief economist for the Truman Administration, accused the Eisenhower Administration of sustaining a "cultivated economic slack" designed to eliminate the inefficient small farmer and small businessman and to "keep labor in its place." But from Washington came...

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