Volume 29, Number 1 · February 4, 1982
Recession Economics
By John Kenneth Galbraith
My doubts about the Reagan economic program began when I saw that, like other unfortunates before him, Mr. Reagan was bringing his economists to town. Harry Truman, many will recall, yearned for a one-armed economist who could not say, 'On the other hand, Mr. President.' Mr. Reagan avoided that problem; his economists are not given to balanced judgments. But he has brought not one but two schools—or shoals—to the city. That was a cause for real pessimism.
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