Inflation and Recession

Cooper, Richard N.
August 1974
New Republic;8/24/74, Vol. 171 Issue 8, p13
Discusses the dynamics of inflation and recession. Impact of the increase in oil prices; Comments on the measures needed to confront inflation and recession; Inability to tax foreign oil producers; Imposition of an excise tax by the OPEC countries on all consumers of oil; Impact of the recent foreign exchange and oil price developments on the world's financial system; Discussion of the proposed tax reduction.


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