The Economy: New Faces Among the Advisers

Every new President likes to turn to trusted confidants for advice. So the unfamiliar faces of two old friends of Gerald Ford's have begun to appear in the circle of men with whom the President discusses economics. Like Ford, both are conservative Midwestern Republicans—and neither is an economist.

The more important of the two is L. William Seidman, 53, son of a Russian emigrant and now the millionaire managing partner of Seidman & Seidman, an international accounting firm that his father and two uncles founded. Seidman served as an adviser on Ford's vice-presidential staff, and is now a key member of the...

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