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  • Series > Transcripts of LBJ Library Oral Histories (remove)
  • Subject > Economics (remove)
  • Subject > Vietnam (remove)

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  • -- 3 finally, at that time, the Bell-Dillon-Heller layer. This served both as a kind of factual agent to give the President something like a quarterly review--I don't know that we were quite that systematic but that was the objective--of the economic
  • to step into the breach with tight money and really slowed the economy down considĀ­ erably; so much so that 1967 became the year of the famous "miniĀ­ recession. II By that time, we had persuaded the President to propose a tax increase