Walter Heller's economic leadership within the political realm opened a Pandora's Box for politicians in Washington and for the American public. As Chair of the Council of Economic Advisers (CEA) during the Kennedy administration, Heller was able to introduce Keynesian economics into the political mainstream and oversee the passage of the first federal tax cuts for the purpose of stimulating demand and economic growth. In the process, however, Heller helped remove politicians' historical reservations regarding budget deficits, setting the stage for today's staggering deficit problem.
© 1997 by the Board of Student Publications, University of Northern Iowa
Harris, Amy Rehder
"Walter Heller's Ambiguous Legacy,"
Draftings In: Vol. 9:
3, Article 6.
Available at: https://scholarworks.uni.edu/draftings/vol9/iss3/6