Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-17
Cabinet Group
Shifts Stress
From Imitation
~ ,hs Associated Pres,

- tn1 Assothateo FtcA
j A special cabinet COMMITTEES
headed by Vice President Nixon
10 shifting It's emphasis from
fighting imitation to promoting
economic growth.
The committee. which has
been known as an anti-infiation
group. issued Q i.60O-word
statement yesterday which
didn't even use the word sin
fiation.p
A committee member said
the doucument. entitled what
DO We Really Want From Our
Economy" reflected optimism
by the group that prices viii
be kept within reasonable
bounds In months ahead.
This bolstered q growing Inn
preston that the administra.
ton feels the Nation is win
ming the battle to keep living
costs in check. Price levels
have been relatively stable for
the past year.
Economic Growth Primary
The committee member, who
declined to be identified. said
the groups primary concern Is
to promote the growth Of the
economy. He said stable prices
merely are one means toward
that end.
However, the committeeman
denied that the committee has
scrapped the word imitation"
He told q reporter the new
statement substitutes the
phrase rises in the general
price level" because, he said,
many people don't know what
imitation" means.
Three Goals Listed
| The Commuters statement.
described Is educational In
nature. spelled out what the
group believes should be the
economic goals Of the Nation.
Il listed three:
I. Economic growth-that Is.
. large and expanding output
Of goods and services"
| 2. Maximum employment OPP
portunities. meaning not only Q
chance to work but Q chance to
hold the kind Of job that suits
you best.
3. Reasonable stability Of
the price level"
When the committee was es-
tablished last March. 1t was
believed its major aim would be
to md ways Of fighting infia-
ton. Its ofiicial name suggests
this: Cabinet Committee on
Price Stability for Economic
Growth.
Imitation Cited Earlier
Only seven weeks ago the
group sent President Eisenhower
an interim report sounding re-
peated warnings against infia-
ton. The first sentence said the
economy 'is now at q critical
1iuncture urgently requiring ac-
tion to forestall infiation" and
insure economic growth.
Yesterdays statement was
billed as the first in o series
which viii outline various prob
lens associated with economic
growth and price stability. The
groups final recommendations
aren't expected until late. fall.
On the subject Of price sta
bility. the committee restated
the pitfalls Of infiation--with-
out using the word--but noted
that stability docs not mean
that every individual price Is
stable"
It said economic efficiency de-
Imands that individual prices be
free to change.
"The idea Of price stability
must refer to the average over
q period Of time Of the general
level Of prices" 1t added.
"The Welfare Of All"
AS for fighting imitation, the
committee said:
Resistance to rises in the
general price level Is bound to
cause temporary Inconvenience
to some and to limit the gain
Iof others, but reasonable price
stability win powerfully pro-
mote the welfare Of all"
The statement said q large
and expanding national output
makes possible subsidiary bene-
fits Of great Importance. It
listed a high and rising living
standard. national security,
added public facilities such as
roads and schools. expanding
Job opportunities and an in
crease in cultural, educational.
recreational. religious and So
cial activities.
-. ~ 49,