European Stars And Stripes (Newspaper) - January 15, 1978, Darmstadt, Hesse                                James Reston january 1978 the stars and stripes Page first impressions of the feds new Boss Miller the newly appointed chairman of Flie Federal Reserve William Miller has been in Washington this week wondering How be got there 3rd where Hes going in a lot of other people arc wondering the but he seams amiably he asked vice president Mondale How be happened to be chosen for this critical but Fritz didst Tell he asked Arthur Burns to stay on the Board of the but he didst gel an answer to that Proxmire of Wisconsin nominated Miller As Hie financial Rookie of the and Miller said the senator had a but hed see him first personal impressions of new appointees Are important in and Miller has made a Good first he wondered when he was appointed whether he should talk to the before he was confirmed by the bid decided to Hel with and has been Avail Able and prudently responsive to eve Rybo Dys questions Ever so Miller is now getting the usual treat ment a lot of publicity a lot of questions he cant possibly answer about How to stamp out inflation and in crease the Money Supply and keep interest Raits solve he Energy and get on with the White the the Council of economic and the Hes trying to figure out a few incidental personal nutters such As How to eel confirmed without having to sell All his text Ron whether to sell his House in and if Hes he will sleep at night in Wash i found him at the Hay Adams Motel across from the White in response to he made the following Points William r Buckley Carter adds his of fhe muddle president Carter is and he is Welcome the excretes will be Busy in the and months ahead interpreting the Impact of his visit on International this particular postmortem b into a galloping disease among which one might Call Undis Cri a naung enthusiasm for other nations policies it seems More than 20 years ago thai Elk in Khrushchev came for the first time Bine United president Eisenhower was deeply concerned on How exactly to Greet there was considerable opposition to the very idea Al unending hospitality of the Leader of the soviet Union who had publicly sworn to Bury american and had practice genocide so recently on a wide International Consen sus Beld it preferable thai Summit meet Ings should take place in Antiseptic International watering places like and indeed it was there that the first Post War Summit conference look when Khrushchev finally did he was greeted at us White House by an in smiling they walked into the building together and were hardly seen after the amenities for Khrushchev were Given Over to Henry Cabot our ambassador to the soviet who look he old tyrant around showing Bun tall Hollywood indeed most things american except Ivy sch was vetoed by the secret service As Khrushchev returned borne and it generally understood thai the Neces diplomatic business Between the two superpowers had been attended such aloofness would nowadays bring on a third world consider president he went to Poland and declared there that the principles and ambitions of the communist Leader of that stale Are identical to our a few Days later he has in where he expressed himself saying thai we shared exactly the same ideals As the Shah of a few Days after that he said much the same thing about Francois the socialist Leader of prance who had joined with the communists in a common Politi Cal and on arriving Home he said the russians want peace every bit us much As we the Shah of Iran is an absolute dictator who Brooks no political opposition and Only highly limited Freedom of the it is trac that he has been a valuable but this is not what president Carter said he did not say the emperor of Iran has adopted policies in International affairs which unite with our own in providing a shield against soviet one reason he didst is because to have said that would have been rather awk because Why do we need a shield against soviet expansionism soviet expansionism took Over in Poland and what do you there in Poland we have people whose ideals Are identical u our own and As for Western although in private president Carter warned Milter Rand about the dangers of Unity with the French communist publicly Carter declared himself in sympathy with the policies of a Lender who has evolved toward a kind of fundamentalist socialism wherever has brought poverty and human it goes of to the wild excesses of Richard Nixon in China in where be discovered Virtues in he regime of Mao Tseung thai Ted him to Praise All things and to express on his return to America an unbounded Admira Tion for the work of and for the popu Larity of the leaders of China with the must of those leaders Are now or in jail never the diplomatic imperative is to recognize in every foreign Leader a Unity of purpose with your one wonders whal presi Dent Carter would say on visiting colonel amen no doubt that they share the same interest in ending racial the history of diplomacy records a consistent use of hyperbole both Active and the visitor praises the likening him to the jewels of Arabia and the scents of one disparages ones own Humble accomplish ments miserable superstition is Bud whal is your religion a japanese Delegate addressed the Baptist at an National religious conference in Bui these stylized approaches Are inconsistent Wilh the normative vocabulary of right and wrong that president Carter has sough to the idea of wus Onla ism is not entirety dead we do seek to distinguish Between the ways and the habits of barbarians and ideologues and those of free men and the subversive rhetorical habits of president Carter do not he didst see any big difference be tween his approach to this Job and Burnas on most of the major dec irions bums had he said hed probably have come out about the he didst say where he might have Dis he was concerned about the decline of the Dollar in relation to the japanese the West German and other major world and was glad that the fed and the Treasury had agreed to sup port he a deflated he in might help sell products but it was bad business and bad it was Milf cull enough to pay 45 billion a year for foreign but what if the Oil producing countries raised their prices to stay equal to the de Dine of the value of the Dollar Miller also understood the need for emergency measures to prohibit the importation of steel below fair Market prices in this but these he to Deal with Industrial and human problems in unemployment areas like the problem was to give the companies an equal Chance by tax incentives to modernize their plants so that they could compete on a fair basis with the other major Industrial he didst think we should play the numbers game with the unemployment he was very optimistic about this in the Long even with the startling in crease of women coming into the labor he we were producing enough jobs every year to hold our own in the Short and in the Long he the population bulge of the postwar baby Boom was leveling and even the family with both parents could be absorbed in the 80s it the Economy kept Al is How i heard he clearly is not a typical world or professional economist or academic theor or even big business Pra Mallut out of the text Ron or any other multinational Cor on the first impressions he has made in he is a combination of All these in a it is not surprising thai Carter chose he is of Jimmy Carters generation and he was born in 52 years and moved in the Oil Boom Days to where his father ran a Furni Ture and was fire chief and Justice of the he went into the coast and graduated from its Academy in new not so Dut Erent from Jimmy Carters experience in and the naval after the last world Miller served for a year in married a russian graduated at the lop of his Clasa Al the University of California Law school in came East into the prestigious Law firm of Swaine and then and eventually became chief executive officer of Miller has been in and out of Washington on special assignments for presidents Kennedy and Johnson just enough not to be intimidated by the and he is clearly not intimidated his attitude is that he didst ask to be invited but u pleased and will a the Best he can if they want with this confident but a deft a Miller has made a Rood he us a feisty Little Guy at with a Boyish Grin and a broken and that optimistic american attitude Hal trouble is inevitable but everything is he will have his troubles at the like Arthur bunts and Bui Martin before but the guess Here is Hal somehow he will gel along with the the Congress and the business maybe this is expecting too much on the basis of first in but Al least he has made a Good Tiu by Lawni up wed Al the Stu new ind on w met it Primm Vatu of wring i Ana a unit u u lm1hatrt4 Wpm nun of Stan Luriett mud sri