Taming the Monster

President Reagan sends out the first signals of Administration policy

Like an artist making the first brush marks on a blank canvas, President Reagan last week set out the initial signs of his Administration's economic program. In three swift strokes, he decontrolled domestic oil prices, abolished the moribund Council on Wage and Price Stability, and placed a 60-day freeze on about 100 pending federal regulations that were issued in the final days of the Carter Administration. None of those steps will make an indelible imprint on the economy, but taken together they show that the new Administration intends to translate the program...

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