Page Six THE MICHIGAN DAILY Friday, January 14, 1972 Pae i TE IHIAN DIL| Fiay|Jnar|1,192 § § van Boven's Semi-Annual Sale§ - § § § §Fine Clothing and Furnishings § at Reductions of 20% to 50%. § All items chosen for this sale are from our §egular stock. They represent excellent §vaues and are reduced for§quick clearance. § § ti Store Hours-Monday thru Saturday 9:00 to 5:30 § § § § § § A NN A RB OR D E TR O IT 326 S. STATE 41 ADAMS EAST 4§ i § §eee Ackley: Advisor to the Dems Continued from Page 1) one associate has said, "He's a good economist who does his homework." Despite their University alliance, McCracken and Ackley have heldI posts in opposite administrations- McCracken under Eisenhower and Nixon, Ackley under Kennedy and Johnson. Recently, in fact, the two havea become indirect adversaries. Ack-' ley, in his position as chairman of, the Committee of Economic Af- fairs of the Democratic Policy Council, has been charged with the task of formulating alterna-9 tives to the Nixon-McCracken economic program. Ackley has long been a propon- ent of the "new economics" which concerns itself with molding and shaping the economy, advocating strenuous use of fiscal policy. He has been interested, since World War II, in the use of wage and! price guidelines and controlsj where inflation is a problem. During his tenure under John- son, the administration followed a policy of increased spending with balanced budget deficits. During those years, the economy was in a boom period, with low unemployment, high demand and threatening inflation. At that time, Ackley warned of a recession in which unemploy- ment would increase, while infla- tionary pressures would continue to build. He predicted that the phenomena of "cost-push infla- tion" would replace demand-pull inflation and that prices and wages would spiral. Sans Souci shoes that make legs look great SALE 20%-50% OFF on many styles 522 E. William Ann Arbor 761-9891 Cost-push inflation occurs when, rising costs, most noticeably those of labor, occur despite the lack of high demand. The early policies of the Nixon administration attempted to curb inflation by cutting spending, working toward a balanced budget and decreasing demand. Many economists speculate that the fail- ure of Nixon's'early policies might well have been due to the concept of cost-push inflation which Ack- ley suggested. When President Nixon an- nounced his "new economic pol- icy", formulated under direction from McCracken, it drew from many policies that the Democrats had been calling for. Wage-price controls have long been the darling of Ackley and the Democrats. Ackley, who served on the wage-price commission during World War II and the Korean war, ideally favors guidelines based on education and persuasion while avoiding restrictive controls which might put government in too pow- erful a position. Ackley's statement for the Demo- cratic Policy Council bears his early thories out. In response to Nixon's policy, the Council called for a "flexible and viable" system which would "effectively curb in- flation, yet avoid the inequities of the freeze." Unlike McCracken's statement to the contrary, Ackley appears to have no plans to stay out of pari- san politics. Most political ob- servers expect he will be in the thick of the campaign battle and may well be back in Washington if the Democrats win control of the Presidency. The University's long tradition of economic involvement in Washing- ton may yet be extended. I McCracken talks on term (Continued from Page 1) shaping the President's new eco- nomic policies. He speaks about his time on{ council almost as if it were an in- tellectual exercise. "For a student of economic policy," he says, "it was an un- usually interesting period precisely because the problems were so dif- ficult." As part of this academic orien- tation, perhaps, McCracken pro- fesses a lack of interest in partisan politics. "I'm thinking of doing some writing on the professor's role in partisan politics," he says. "One of these roles ought to be as critic - that is, evaluator - of public policy." "If you are identified with the opposition and you criticize the administration, everyone s a y s] 'Well, of course he's going to say that.'"r In explaining his reasons forI arriving at decisions on the Coun- cil, McCracken refers frequently to "pretty wide agreement on the part of economists." And he seems to try, to avoid making generali- zations that cannot be supported academically. In spite of his claim that he is not interested in politics, however, McCracken has served on three different occasions in the federal government. Accordingly, he seems to accept the politics involved in economic decision making in Washington. "Anyone who became chairman who didn't understand that this is a council of economic advisors and not a council of economic man- agers would find himself frustrated that other people seemed to be dealing themselves in also," hel says. But he denies that the frustra- tions of policis in Washington in- fluenced his decision to resign. "Oh, when I went down I actual- ly was not planning to stay more than two years," he says. 4 ' A -Daily-Jim Judkis Subscribe to The Michigan Daily JANKA'S BARN STUDIO 2793 Newport Road Ann Arbor, Michigan is opening a fourth POTTERY CLASS for beginning and advanced students in wheel throwing, stoneware glazing, firing Tuesdays 7 to 10 P.M. for 10 weeks Fee of $48 includes all supplies and firing Call Janka McClatchey-668-7338 or Nancy Kachel-769-9596 Thank you, Lauren... Pressman Lauren Kinsley, the man who brought millions of copies of The Daily to over three decades of readers, retired over the winter vacation. For 36 years Lauren, as he is known to scores of present and former Daily staffers, operated the presses that print The Daily six days a week. An institution at the Student Publications Bldg., Lauren worked for The Daily since the present structure on Maynard St. was built in the early 1930's. We at The Daily are all in debt to him for his long years of faithful service. We wish him well on his + retirement. Weekend Trip To Collingwood, Ontaro-Jan. 21-23 MEETING: Fri., Jon. 14 at 7:00 P.M., 3529 SAB or Go to Ski Club Office (2nd f I SAB) Tues., Jan. 18, 1-5 p.m. SKI CLUB MASS MEETING Thurs., Jan. 20, 1972 7:30 P.M. Union Ballroom I i Co LD You SEL n2~ " , ~::: ' /:.:.. :;+r'.y ":":;} i I GENEROUS PEOPLE ARE BUYING BOOKS FROM FOLKS LIKE YOU, RIGHT NOW! IN THE BUY-BACK ROOM NEXT TO THE BARBERSHOP IN THE UNION BASEMENT 9 to 5 -the U CELLAR h SAVE! up to 331 3% Buy USED TEXTBOOKS FAST, EASY CASH ! i AT FOLLET'S Michigan Book Store State St. at North U. TO A 14_ w w ._ ji. +J+:} iryi !:r iS{} :'!sc , .t. xa:+ rtii":ti"S: lv'{".S S 51 i:Y: ii}." is 3": 1 The University of Center for Russian and East invites you to public le by TONY~ and SUSAN Michigan European Studies ax ASTUIACIAN i E PIOSPECTS UiE U.S.S.1I.,0 TIME: 4:10 P.M to Hall Oi If You Can, That's Great. But We Don't Ask That. All We Ask Is That You Sell Something Like What You're Now "CLASS DISSENT, AND T FOR CHANGE IN T Reading to an Ann Arbor Merchant. DATE: Monday, 17 January 72 PLACE: 200 Lan I