The Economy: Nixon's Grand Design for Recovery

FOR the second time in two months, President Richard Nixon reversed his own and his party's policies with a swiftness and style that is virtually unmatched in modern American politics. What he did in foreign policy with his approach to Peking he outdid in domestic affairs last week. Casting aside "the game plan" he has so long and implacably pursued, the President announced "the most comprehensive New Economic Policy to be undertaken by this nation in four decades." The claim was merited. A show of firm leadership...