(5 of 5)
This program contains something to offend almost everyone: liberals and conservatives; businessmen, workers and farmers; and several departments of the Government itself.
Whether President Nixon, facing impeachment, can put such a program across, is all too obviously doubtful. The more important question might be whether any U.S. Administration could summon the courage to launch this kind of all-out attack on inflation. It would succeed only if the public could be persuaded that all parts of society—the businessman jawboned out of price increases, the worker asked to settle for a modest wage increase, the banker told not to make certain loans —were being asked to make equitable sacrifices. The only answer is that the risks of not doing so are even greater. For the Nixon, Ford or any other Administration that might be in power—and for the nation as a whole—there is no deadlier danger than continued raging inflation.