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  • , then of the Federal Reserve System, and its chairman for so many years, and associated so much with economists, and had a very good economics staff, he 3 LBJ Presidential Library http://www.lbjlibrary.org ORAL HISTORY TRANSCRIPT Lyndon B. Johnson Library Oral
  • of conscious use of budget expenditures and tax policy for economic stabilization, for full employment and related policies. M: Okay~ would you use that phrase that you just gave as a definition of the "new economics"? H: The "new economics," as the press