Economic Report of the President: Hearings Before the Joint Economic Committee, Congress of the United StatesU.S. Government Printing Office, 1969 |
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Page 282
... inflation while maintaining a high level of employment . It is true that we are enjoying the lowest unemployment rates in 15 years , although the fact this has been achieved during time of war reduces the pride we can take in this feat ...
... inflation while maintaining a high level of employment . It is true that we are enjoying the lowest unemployment rates in 15 years , although the fact this has been achieved during time of war reduces the pride we can take in this feat ...
Page 289
... inflation . " A decade later in his Economic Report President Eisenhower declared : " A clear responsibility rests on Government to pursue policies that will help prevent inflation . " And in 1965 President Johnson said : " I regard the ...
... inflation . " A decade later in his Economic Report President Eisenhower declared : " A clear responsibility rests on Government to pursue policies that will help prevent inflation . " And in 1965 President Johnson said : " I regard the ...
Page 290
... inflation , it would not make the present inflation harmless . People are now living with commitments to pay or to receive money which they had under- taken in the expectation of much less inflation than has recently been occurring ...
... inflation , it would not make the present inflation harmless . People are now living with commitments to pay or to receive money which they had under- taken in the expectation of much less inflation than has recently been occurring ...
Page 291
... inflation at once , and keep it at zero until the expectation of no inflation became firmly established . This would probably cause a period of substantial unemployment . 2. We could try to continue the policies of recent years that ...
... inflation at once , and keep it at zero until the expectation of no inflation became firmly established . This would probably cause a period of substantial unemployment . 2. We could try to continue the policies of recent years that ...
Page 294
... inflation has generated a strong inflationary psychology . This makes it highly dangerous to allow the inflation to continue . At the same time it makes the task of slowing down the inflation difficult , because it increases the risk of ...
... inflation has generated a strong inflationary psychology . This makes it highly dangerous to allow the inflation to continue . At the same time it makes the task of slowing down the inflation difficult , because it increases the risk of ...
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adjustment administration AFL-CIO American assistance average balance of payments Bank billion bonds border tax adjustments budget outlays capital cent Chairman PATMAN competition Congress continue corporations cost debt deficit dollars domestic effect estimate expansion exports Federal Reserve financing fiscal policy forecast foreign funds GATT going gross national product growth housing impact important income increase industry inflation inflationary interest rates investment Joint Economic Committee Kennedy labor legislation major manpower MARTIN MAYO MCCRACKEN MEANY ment monetary policy money supply negotiations nontariff barriers percent President problem programs projected proposed quarter question reduce Representative REUSS Representative WIDNALL restraint rise Secretary SHULTZ Senator JAVITS Senator MILLER Senator PERCY Senator PROXMIRE spending statement surcharge surplus surtax tariff tax expenditures tion Trade Expansion Act trade policy Treasury U.S. Government unemployment United VOLCKER wage Zwick