Few organizations in Washington sit atop a hotter spot these days than the President's Council of Economic Advisers. The Council, whose prestige soared in Chairman Walter Heller's last months as a result of the tax cut's success, has a new chairman—Gardner Ackley—and two relatively new members who have yet to prove themselves in their posts. As the President's first line of economic advice, the Council will bear heavy responsibility in the coming months for deciding what methods to adopt to keep the economy moving upward.
President Johnson has also handed the Council the task of preparing what will surely be one...
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