THE PRESIDENCY: The Crux of Leadership

One of Jimmy Carter's advisers insists that there is a new and different fervor now in the presidential eye when he talks about inflation. "He will listen to you on almost any subject," this man says, "but on inflation he will talk back." The special spark may have been struck, believes this Carter friend, on a spring morning when Speaker Tip O'Neill rumbled in to break fast and snorted, "All the people in my district want to talk about is prices. We are going to have to do something."

To one of...

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