ECONOMIC STABILIZATION HEARINGS U.S. CONGRESS, House, BEFORE THE COMMITTEE ON BANKING AND CURRENCY. NINETY-SECOND CONGRESS FIRST SESSION ON Part I Oversight Hearings on the Operation of the Economic Stabilization Act OCTOBER 4, 5, 6, 7, 1971 Part II Hearings on H.R. 11309 To Extend and Amend the Economic Stabilization Act of 1970 OCTOBER 27, 28, 29; NOVEMBER 1, 2, 1971 68-573 Printed for the use of the Committee on Banking and Currency U.S. GOVERNMENT PRINTING OFFICE WASHINGTON: 1971 KF27 1971f COMMITTEE ON BANKING AND CURRENCY WRIGHT PATMAN, Texas, Chairman WILLIAM A. BARRETT, Pennsylvania LEONOR K. (MRS. JOHN B.) SULLIVAN, Missouri HENRY S. REUSS, Wisconsin WILLIAM S. MOORHEAD, Pennsylvania WILLIAM B. WIDNALL, New Jersey LAWRENCE G. WILLIAMS, Pennsylvania MARGARET M. HECKLER, Massachusetts PHILIP M. CRANE, Illinois JOHN H. ROUSSELOT, California STEWART B. MCKINNEY, Connecticut NORMAN F. LENT, New York BILL ARCHER, Texas BILL FRENZEL, Minnesota PAUL NELSON, Clerk and Staff Director (II) CONTENTS DiSalle, Michael V., former Director of the Office of Price Stabilization, Keyserling, Leon H., former Chairman, Council of Economic Advisers; Meany, George, president, American Federation of Labor and Congress Porter, Paul, former Administrator of the Office of Price Administra- Gorman, Patrick E., international secretary-treasurer, Amalgamated Meat Cutters and Butcher Workmen of North America; accom- panied by Leon Schachter, vice president; James Wishart, research director; and Arnold Mayer, legislative representative.. Griner, John F., national president, American Federation of Govern- Morrison, Donald E., president, National Education Association.. Wurf, Jerry, president, American Federation of State, County, and Woodcock, Leonard, president, International Union, United Auto- mobile, Aerospace and Agricultural Implement Workers of America Gilligan, Hon. John J., Governor of the State of Ohio.. 264 276 Thurow, Prof. Lester C., Massachusetts Institute of Technology. 268 ADDITIONAL INFORMATION SUBMITTED FOR THE RECORD DiSalle, Michael V.: Response to questions of: Hon. John H. Rousselot.. Hon. Leonor K. Sullivan__. ADDITIONAL INFORMATION SUBMITTED FOR THE RECORD-Continued Goldfinger, Nathaniel, response to questions of Chairman Patman_____ Paga 127 Housewright, James T., president, Retail Clerks International Association: Letter to President Nixon dated September 7, 1971, with an attached proposal entitled, "An R.C.I.A. Full Employment, Anti-Inflation Letter dated October 20, 1971, in response to certain remarks of Prepared statement with attached tables. - Greene, Raleigh W., chairman, committee on legislation, National League 205 Position paper on "Public Employee Wage and Salary Policy During Phase II," prepared by the Coalition of Public Employee Organiza- A-Letter from Elmer F. Bennett, General Counsel, Office B-Statement by Arnold Weber, Executive Director, Cost of Living Council, September 3, 1971.. C-Wage-Price Freeze and the Retiring Teacher... National League of Insured Savings Associations, statement submitted by Raleigh W. Greene, chairman, Committee on Legislation.--. Patman, Hon. Wright, submission of title II of Public Law 91-151, Selden, David, president, American Federation of Teachers, correspondence with G. A. Lincoln, Director, Office of Emergency Preparedness: ADDITIONAL INFORMATION SUBMITTED FOR THE RECORD-Continued Response to information requested by Hon. Bill Frenzel: Letter by Walter Reuther with statistical material to "The Outlook," article from the Wall Street Journal, Submission of remarks of Edward N. Cole, president, General Motors, 214 Connally, Hon. John B., Secretary of the Treasury; accompanied by L. Patrick Gray III, Assistant Attorney General, Civil Division, Ullman, Hon. Al, a Representative in Congress from the State of 411 Carrow, Dr. Milton M., chairman, Section of Administrative Law, American Bar Association; accompanied by Franklin M. Schultz Landry, Dr. Richard S., administrative director, Economic Analysis and Study, Chamber of Commerce of the United States; accom- "The Phase II Guidelines Nixon Didn't Propose," article by Gardiner 391 |