The Economy: Taking Out the Chill

ORDINARILY, the 325-man Office of Emergency Preparedness deals with damage done by such natural disasters as hurricanes and earthquakes. Last week OEP suddenly found itself handling the results of a man-made storm for which it was decidedly unprepared. Without warning, President Nixon plucked the tiny agency out of the anonymity of the U.S. Government Organization Manual to supervise the wage-price freeze.

The OEP director, Brigadier General George Lincoln, was on his ranch near Denver when he got the White House call to action. He phoned his eight regional directors and sent them scurrying. "Get...

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