The Economy: Mum's the Word

President Kennedy had decided that mum was the word about the U.S. economy. He canceled his press conference for last week, made no major public pronouncements. But while he was convinced that silence would serve best for the moment, he was having some trouble getting the word to the Administration's troops.

Just when Kennedy was trying to calm the business community,* Solicitor General Archibald Cox betook himself back to Harvard for a speech calculated to make any businessman blanch with dismay. His message: a way must be found to bring Government into wage-and-price-making decisions on a regular basis and at...

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