The Economy: Advice to Connally: Quit While You're Ahead

In his poker game with Europe and Japan on the surcharge, Treasury Secretary John Connally should quit while he is ahead. That is the opinion of TIME's Board of Economists. The most detailed explanation of the reasoning comes from David Grove, who speaks from the perspectives of both an international economist and an officer of one of the largest multinational corporations. He has been an economist in the Federal Reserve and consultant to several Latin American governments, and is now a vice president of IBM. He presents his views as an individual and not a spokesman for his company. Excerpts:

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