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In Pursuit of Full Employment

  • Paul Winfree
Chapter

Abstract

The government and the economy became seen as inseparable by many policymakers by the 1960s. Full employment and stable prices were the principal economic objectives of the period and acted as a driving force behind new legislation, including the Great Society programs. The Office of Management and Budget had become central to not only executing financial plans but also overseeing the management of agencies. President Nixon would push the powers amassed during the last fifty years too far and Congress responded by introducing significant reforms to the budget process. However, economic policy would remain consistent and the budget process reforms would only place Congress in a formal role within the executive budget process still driven by the presidency.

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Paul Winfree
    • 1
  1. 1.Heritage FoundationWashington, DCUSA

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