The Economy: A Drive to Beat Inflation

THE presidential campaign of 1972 opened on the evening of Aug. 15, when Richard Nixon startled the nation by proclaiming an unprecedented wage-price freeze. That bold stroke was only the beginning of his new attempt to solve his toughest political problem: how to purge the economy of the twin evils of high inflation and high unemployment. Last week the President was back on TV, several days earlier than expected, to announce his program for Phase II, the period to follow the end of the freeze on Nov. 13. Nixon's speech also sounded like the...

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