WHAT more should Richard Nixon do to speed up the lethargic business recovery and slow inflation? The President chewed over that question with his economic advisers during a weekend at Camp David and with the Cabinet at the start of last week. He came out with a clear answer: nothing.
The answer was not unexpected; more surprising was the vehemence with which Nixon threw away his options. He designated Treasury Secretary John Connally, a nominal Democrat, as "chief economic spokesman," a new title in the Administration. The tall, smooth Texan promptly became Nixon's...
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