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The change in leadership at Treasury probably will produce no immediate changes in the Administration's preference for a hands-off approach to economic management. Like Shultz, Simon is a confirmed free-marketeer with an abiding faith in the power and efficacy of free enterprise. His service in Washington, Simon said recently, "taught me how impossible it is for the Government to try to settle all the little details in this incredibly complicated economy." Accordingly, he opposes any return to fixed exchange rates for the dollar against international currencies, does not want to reimpose wage and price controls, and would like to give more generous tax breaks to business. Yet Simon has said he does not oppose Government intervention in the economy from time to time, and he seems more flexible in his beliefs than Shultz. Simon's nomination may have been announced with less fanfare than any previous Nixon appointments, but few other Cabinet performances will be watched as closely.