HEARINGS

BEFORE THE

6-LJOINT ECONOMIC COMMITTEE

CONGRESS OF THE UNITED STATES

NINETY-SIXTH CONGRESS

For sale by the Superintendent of Documents, U.S. Government Printing Office
Washington, D.C. 20402

JOINT ECONOMIC COMMITTEE

(Created pursuant to sec. 5(a) of Public Law 304, 79th Cong.)
LLOYD BENTSEN, Texas, Chairman

RICHARD BOLLING, Missouri, Vice Chairman

SENATE

WILLIAM PROXMIRE, Wisconsin
ABRAHAM RIBICOFF, Connecticut
EDWARD M. KENNEDY, Massachusetts
GEORGE MCGOVERN, South Dakota
PAUL S. SARBANES, Maryland
JACOB K. JAVITS, New York

WILLIAM V. ROTH, JR., Delaware
JAMES A. McCLURE, Idaho

ROGER W. JEPSEN, Iowa

HOUSE OF REPRESENTATIVES

HENRY S. REUSS, Wisconsin

WILLIAM S. MOORHEAD, Pennsylvania

LEE H. HAMILTON, Indiana

GILLIS W. LONG, Louisiana

PARREN J. MITCHELL, Maryland

CLARENCE J. BROWN, Ohio

MARGARET M. HECKLER, Massachusetts
JOHN H. ROUSSELOT, California
CHALMERS P. WYLIE, Ohio

JOHN M. ALBERTINE, Executive Director
LOUIS C. KRAUTHOFF II, Assistant Director-Director, SSEC
RICHARD F. KAUFMAN, Assistant Director-General Counsel
CHARLES H. BRADFORD, Minority Counsel