Policymakers Determined to Stick To Tight-Money Attack on Inflation
BEHIND THE FACA of forced optimism abo the state of the econom; President NixonÛªs econom policymakers have decid' to stick indefinitely to t tight-money attack again inflation despite the grii foreboding that it almo surely will produce a 19' recessionÛÓpossibly of sev</br></br>BEHIND THE FACA of forced optimism abo the state of the econom; President NixonÛªs econom policymakers have decid' to stick indefinitely to t tight-money attack again inflation despite the grii foreboding that it almo surely will produce a 19' recessionÛÓpossibly of sev ation will feed on itselfÛÓ aching heights that are nacceptable by either eeo-omic or political standards.</br></br>That leaves only continua-on of the present policy nd the nearly inevitable escent into recession next |å¤|ear. Some pessimists in the ^ministration foresee seri-us unemployment beginning next spring (at around per cent) and continuing advisers to loosen the What adds a touch of un^yj come as a nightmarish screws on the money suppljfeality to this is the factjolt to Republican politi-are having no effect whaHiat neither Presidenfeians dreaming of vast con-ever on the Quadriad, thpjjxon nor his closest perquests against a demoralized four-man economic policjfonal aides, basking at SapDemocratic Party in 1970. If making body of the governeiemente in the euphoria,vhite working men find ment. However, there ifhat has persisted since thqj,emseives laid off for the growing realization insidmoon landing, has cortfjrS(, time in a decade after the administration that thiSronted these grim proseust one year of Mr. Nixon, policy will stop the inflatiopects. The highly politica^eir tentative trend to the far later than had beenieeision that a recession Republican Party may well hoped and at a cost to thd970 is preferable to gallop-^ abonted It is just such economy far greater thaiing inflationÛÓand mighLomical considerations that expected. That is, lack oforestall a disastrous 1972Lieht C0T,V!nce Mr Nixon to financing will slow dowffecession-has	team	(0</br></br>the economy so much ths&ssentially by non - P^'ll^emner their ticht-liDDed de-business activity will slumiSians inside the adminiBtr^JJJJ^^JÛ uSninPPea ae 'v.^f.n **; comes' Wl1^ mos|enhower recession cost him difficult to reverse anq^e presidency and that eco-quite	likely	will	extend	downturns	must be</br></br>the 1970 election campaign^^^^ by any future Re-Aor is there any agreemenå£ubijCan president, there is at least the possibility that he will reverse the Quadriad. Certainly, he could base such action on the views of unofficial advisers outside the government.