A Study in New Economic Policy                 

It is generally assumed that the oversight of business by the Federal Government should be fairly straight-forward and able to follow the general laws of economics---supply and demand, price to money supply relationships, etc.,---and that the unlimited number of supposedly trained personnel readily available should, under proper leadership, be able to steer a logical course down through the years. With the thrashing-about of the presidential candidates in evidence in the election of 1992-3 however, and now again in the 1996 campaigning, with each candidate promoting a partially-formulated course of action almost diametrically opposed to that of the others and with no agreement between any two of them as to the causes for the existing stagnation and confusion of the time, it would be difficult to say that a means of correction had been all that well defined by the candidates or their advisors, or for that matter by the general population, even now.
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