The Economy: It's Just Wonderful That It's Not Too Good

Every week is full of good news about the U.S. economy, whether the news comes from cold statistics or from the seemingly inexhaustible interest of President Johnson in the affairs of business. The economy is doing so well, in fact, that the main concern of economists in and out of Washington is to prevent a steady and solid advance from turning into an overheated boom that could later cause trouble. To that end, the nation's economic planners last week sounded almost apologetic when they had to report good news, and relieved when they could point to signs that a real...

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