The Economy: A Rabbit That Could Turn into a Tiger

President Nixon's decision last month to create a National Commission on Productivity brought a skeptical reaction from George Meany, the head of the A.F.L.-C.I.O. "It may increase public education," said Meany, "but I fail to see how it will curb inflation."

Meany was just a bit overcritical. The commission does lack the power to accomplish much over the short term in reducing the pressures that lift prices. But it really aims at long-range solutions to a problem that is close to the root of inflation. The output per man-hour of the U.S....

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