TITLE

Inflation or Recession?

PUB. DATE
December 1978
SOURCE
America;12/2/1978, Vol. 139 Issue 18, p400
SOURCE TYPE
Periodical
DOC. TYPE
Editorial
ABSTRACT
The article questions whether the anti-inflation program of U.S. President Jimmy Carter could reduce inflation or promote recession. The program includes voluntary wage and price controls, higher interest rates and tax cuts for employees whose wages do not exceed inflation. Econometricians predict that the tight monetary policy of the Federal Reserve will eventually lead to recession and that recession will not prevent inflation. It suggests other anti-inflation measures such as rolling back the payroll tax increases and argicultural reforms.
ACCESSION #
35969134

 

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