AFTER taking their immediate bearings in President Nixon's new economic world, most of its inhabitants last week concentrated on studying the future. Both in the U.S. and abroad, those most directly affected by Nixon's sweeping economic policy prepared for councils that will debate for months what he announced to the world in a few minutes. Out of their discussions may emerge more permanent prescriptions for the plight of the dollar abroad and the blight of inflation at home than anyone-even a Presiden-could impose by any kind of personal fiat.
Phase 2. In the U.S.,...
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