Nation: Changing the Economic Team

But can that end the contradictions in Carter's policy?

With the resignation of Treasury Secretary Michael Blumenthal and the shift of G. William Miller from the chairmanship of the Federal Reserve Board to Blumenthal's job at Treasury, the nation's first-string economic team has been radically altered. TIME Business Correspondent George Taber analyzes the prospective impact of these changes:

Only 30 months ago, the Carter economic team started work in an atmosphere of high hopes. Rarely had an Administration mobilized such formidable economic firepower, filling the Cabinet with five Ph.D. economists: Blumenthal, Commerce Secretary Juanita...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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!