Letters, Sep. 6, 1971

Nixon's New Economics

Sir: I fear that President Nixon's new game plan for the economy [Aug. 30] will prove but another palliative, providing symptomatic relief only. Until something is done to limit the monopoly powers of labor unions, hack away at bloated budgets with their expansionary deficits and multiplier-effect powers, and restore market pressures to industries currently propped up by subsidies and tariffs, the pressures that created the present situation will persist.

The Government has unwisely, though presumably with good intentions, assumed control over economic matters best left to work themselves out. Good...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!