Dear Mr. President . . . Advice from the Time Board of Economists

Whoever sits in the Oval Office next January will be deluged with advice about the economy in general, and the mounting deficit in particular. At their September meeting the members of the TIME Board of Economists offered these recommendations:

Alan Greenspan, a New York City consultant, to Reagan:

The critical issue you face is getting the deficit down and doing it in a manner credible to the financial community. That will help defuse inflationary expectations linked to the deficit. What we need is a deficit reduction of $40 billion to $50 billion a year, and...

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