A New Guru

Reagan picks a top economist

The job has been among the most trying and thankless in the Reagan Administration. Almost from Inauguration Day, the chairman of the Council of Economic Advisers, the President's top economic policy counselor, has had to mediate between feuding factions from the Treasury Department and the Office of Management and Budget in a frustrating effort to help chart a coherent and consistent economic course. Meanwhile, he has been under pressure from the White House to produce economic forecasts that offer hope for the ultimate success of Reaganomics. When Murray...

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