INFLATION: The Gut Issue: Prices Running Amuck

Those words, in the President's TV speech last week, were part of an appeal to the nation to turn its attention from Watergate to other pressing problems. If anyone needed reminding that an all-pervasive mess in the economy is the most urgent trouble, it probably was the President himself. To millions of Americans, that mess is the issue, burrowing beneath politics to the gut-level question of what a family can afford to buy for its next meal.

No Confidence. In a Louis Harris poll released shortly before the President spoke last week, 73%...

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