The Case for Controls

Lekachman, Robert
October 1978
New Republic;10/14/78, Vol. 179 Issue 16, p18
Presents information on the economic scenario prevailing in the U.S. Note on tax-based incentive schemes; Opinion that increase in interest rates and reduction in monetary growth will make way for another recession; Information that the current rate of inflation has more to do with cost-push pressures and external events than with excessive total demands for goods and services; View that a truly balanced federal budget would moderate inflation only slightly; Assumption that unless the cost of living is somehow controlled in the next few months, a series of 1979 labor contracts will be negotiated at highly inflationary rates.


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