Jimmy in Wonderland

Berman, Ronald
January 1978
New Republic;1/7/78, Vol. 178 Issue 1, p2
Focuses on the opinion of economists Arthur Okun and Lester Thurow that U.S. President Jimmy Carter's strategy of trying to stimulate productivity, cutting taxes and increasing purchasing power will not work as a program to fight inflation. Anti-inflation strategy hailed by the opposition; Absence of both Keynesian and pre-Keynesian characteristics of inflation; Unprecedented simultaneous existence of inflation and recession; Abundance of idle resources without a reduction in the rate of inflation.


Related Articles

  • The First Carter Recession. Lekachman, Robert // New Republic;6/10/78, Vol. 178 Issue 23, p10 

    Comments on the exchange of compliments between U.S. Federal Reserve Chairman G. William Miller and President Jimmy Carter after the latter decided to streamline his proposed tax cut and postpone its effective date. Carter's focus on inflation as the country's major problem; Carter's decisions...

  • Another Go at Guidelines.  // Time;11/29/1976, Vol. 108 Issue 22, p43 

    The article reports on the move of U.S. President Jimmy Carter to invite the nation's labor executives and business leaders to help him develop a set of guidelines for wage and price increases as part of his anti-inflationary strategy. "Time" Board of Economists member Arthur Okun advises that...

  • Hard Lessons in Carter Economics. Thurow, Lester C. // Challenge (05775132);Nov/Dec80, Vol. 23 Issue 5, p53 

    This article discusses the economic record of U.S. President Jimmy Carter's administration. During the time he took to office, productivity was growing slowly, inflation and unemployment are both higher now than they were when Carter took office. Per capita real incomes were growing; but now...

  • From 1979: A Funny Thing Happened on the Way to Recession.  // Dollars & Sense;Nov/Dec2009, Issue 285, p7 

    The article presents a reprint of an article which appeared in the 35th anniversary issue of "Dollars & Sense" in 1979 about U.S. President Jimmy Carter administration's management of the economy. It discusses the policy changes implemented by the U.S. government to address inflation by pushing...

  • The Inflation Abyss.  // New Republic;11/8/80, Vol. 183 Issue 19, p5 

    Focuses on the increases in the rate of inflation in the U.S. Comparison of food prices in the country during the last five years; Impact of the policies of U.S. President Jimmy Carter on food prices; Criticism of the farm policy of Carter; Economic condition of the U.S.; Views that the...

  • Carter's Turn to Pep Up Growth.  // Time;12/27/1976, Vol. 108 Issue 26, p54 

    The article highlights the economic forecasts of the U.S. under the leadership of President Jimmy Carter by the Board of Economists. The economists estimate that production of goods and services and discount for inflation will increase up to 4.8%, while the rate will increase up to 5.6% in the...

  • Dance Of The Oil Dervishes OPEC's sharp price increase will hurt the U.S. economy.  // Time;1/1/1979, Vol. 113 Issue 1, p57 

    The article reports on the effects of the oil price increase initiated by the Organization of Petroleum Exporting Countries (OPEC) on the economy of the U.S. It says that OPEC agreed to increase the price of the crude oil to 14.5% at three-month intervals which will be imposed in 1979. It...

  • The Upturn: Sensational, But Lousy.  // Time;5/26/1975, Vol. 105 Issue 22, p76 

    The article discusses the consensus of the members of "TIME" magazine's Board of Economists regarding the probable course of the U.S. recovery from the recession. Board Member Arthur Okun sums up that the rate of economic growth is going to be sensational but the level of operation is going to...

  • Inflation, 4; Carter, 0.  // New Republic;6/21/80, Vol. 182 Issue 25, p5 

    Focuses on the 1981 fiscal budget, presented by U.S. President Jimmy Carter, with main focus on the anti-inflation policies. Criticism of the budget plan of Carter; Inefficiency of the Carter administration to restructure the economy; Reason for the existence of high inflation in the U.S.;...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics