TITLE

Prosperity without Inflation

AUTHOR(S)
Reynolds, Alan
PUB. DATE
September 1980
SOURCE
National Review;9/19/1980, Vol. 32 Issue 19, p1130
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the development of fiscal and monetary policies for the U.S. that will promote economic development without inflation. The country needs a framework that would support economic growth, not a framework that uses inflation to cure unemployment and a framework that uses unemployment to cure inflation. The fiscal and monetary policies should aspire to limit the growth of spending while encouraging the growth of production. Tax relief and tax cuts could be the answer to the problem of stimulating spending. Tax relief could also revive incentives and rebuild productive capacity.
ACCESSION #
6071685

 

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