Nothing for Something

April 1977
National Review;4/29/1977, Vol. 29 Issue 16, p482
The article discusses the economic deficit of the U. S. Treasury borrowings bring out savings out of productive private uses. It is mentioned that the federal deficit is currently absorbing nearly 30 percent of all funds raised in U. S. credit markets. It is also noted that Federal Reserve acquisitions were backed up by increasing bank reserves.


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