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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