The Economy: Qualified Optimism

The U.S. economy, like any other mammoth organism, can continue to flourish only as long as its intelligence can direct its vast bulk and react to an ever-changing environment. The guidance system faltered in election year 1966, causing that rare paradox, inflation at a time of some business slow- down. Some of the problems have changed, but they remain serious enough in 1967 to pose the question: Can the nation sustain a seventh consecutive year of expanding prosperity? In his Economic Report and Budget Message to Congress last week, President Johnson answered with...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!