Nixon's New Economics (Contd.)
Sir: The President's lack of courage and insight throughout the last year and a half has forced him to take drastic action in the area of wages and prices. His complete wage-price freeze erases all equity. It rewards those unions and businesses that have demanded and received exorbitant increases in 1971, while penalizing those that have exercised restraint and haven't received increases this year.
While asking that we bite the bullet, the President has lost sight of the fact that many now have weakened gums, and that some no longer have any teeth.
SAMUEL S. ROSEMAN Stanhope, N.J.