INFLATION: Summing Up the Summit

It was, in a way, an extended town meeting of the nation on its economic ills. In the end, the Ford Administration's unprecedented experiment in inflation summitry sounded an expectably sobering note. After almost a month of separate meetings with economists, businessmen, labor leaders, farmers, financiers and other groups, the President and his top economic aides last week sat down with some 800 leaders of those interests, as well as key Senators and Congressmen, for a mammoth two-day debate on what to do about the U.S. economy. Though politically the Democrats warned...

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