When Richard Nixon becomes President next month, he will take charge of an economy that has been growing fast for years, and lately has been expanding too rapidly for its own good. Business has been on the up swing for 95 months since February 1961, the month after John Kennedy took office at the tail end of a recession. Though the Democratic policymakers certainly cannot claim all the credit for the longest advance in the nation's history, they have done a conspicuous amount of managing and masterminding through their Keynesian New Economics....
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