THE 1971 ECONOMIC REPORT OF THE PRESIDENT

HEARINGS

BEFORE THE

JOINT ECONOMIC COMMITTEE CONGRESS OF THE UNITED STATES

NINETY-SECOND CONGRESS

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CONTENTS

WITNESSES AND STATEMENTS

FRIDAY, FEBRUARY 5, 1971

Proxmire, Hon. William, chairman of the Joint Economic Committee:

Opening statement....

Miller, Hon. Jack, member of the Joint Economic Committee: Opening

statement of the minority members...

McCracken, Hon. Paul W., Chairman, Council of Economic Advisers,

accompanied by Hendrik Houthakker and Herbert Stein, members...

TUESDAY, FEBRUARY 9, 1971

Proxmire, Hon. William, chairman of the Joint Economic Committee:

Opening statement..

Shultz, Hon. George P., Director, Office of Management and Budget,

accompanied by Caspar F. Weinberger, Deputy Director; Samuel M.

Cohn, Assistant Director for Budget Review; James Schlesinger,

Assistant Director; Donald Rice, Assistant Director; Richard Nathan,

Assistant Director; and Arthur Laffer, economist

WEDNESDAY, FEBRUARY 17, 1971

Proxmire, Hon. William, chairman of the Joint Economic Committee:

Opening statement__

Romney, Hon. George, Secretary, Department of Housing and Urban

Development, accompanied by Frederick W. Deming, Special Assist-

ant; and Nathaniel J. Eiseman, Director, Office of Budget..

Stans, Hon. Maurice H., Secretary of Commerce, accompanied by Harold

C. Passer, Assistant Secretary for Economic Affairs; Robert McLellan,

Assistant Secretary for Domestic and International Business; Lawrence

A. Fox, Deputy Assistant Secretary for International Trade Policy;

and Michael Boretsky, Office of Policy Development.----

THURSDAY, FEBRUARY 18, 1971

Proxmire, Hon. William, chairman of the Joint Economic Committee:

Opening statement.

Page

1

2

4

53

54

109

110

152

189

Hardin, Hon. Clifford M., Secretary of Agriculture, accompanied by Don

Paarlberg, Director, Agricultural Economics, Department of Agri-

culture.

190

FRIDAY, FEBRUARY 19, 1971

Proxmire, Hon. William, chairman of the Joint Economic Committee:

Opening statement_

237

Burns, Hon. Arthur F., Chairman, Board of Governors, Federal Reserve

System..

238

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