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Transcripts of LBJ Library Oral Histories
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1971-12-21
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- the "New York desk" of the Fed, where
they do the open market operations, was lagging.
The idea would be
for the President to get Martin to instruct them to buy more longterm government securities and thus put more money into the 10ngterm money market
- Troika; Quadriad; Council of Economic Advisers; administration differences; details of tax cut; trade-offs with Congress on budget cuts; Wilbur Mills; Harry Byrd; origin of tax cut; Samuelson Task Force; “new economics;” tax increases; Vietnam’s
- Post-Presidential (Jan. 21, 1969-)