Conduct of Monetary Policy: Hearings Before the Committee on Banking, Finance, and Urban Affairs, House of Representatives, Ninety-fifth Congress, First Session, February 2, 3, and 4, 1977
U.S. Government Printing Office, 1977 - 206 lappuses
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accounts additional administration amount balance banks believe better billion bonds budget certainly Chairman committee concerned confidence Congress continue cost course deal deficit demand developed don't economic effect expansion expected fact Federal Reserve Federal Reserve Board financing fiscal funds further future give going Government growth hope housing important increase indicated inflation interest interest rates investment Italy judgment kind LANCE less LIBRARY look lower mean monetary growth monetary policy months move package particular past percent period political present President problem production proposal quarter question raise range reason rebate recovery reduce regard response result Secretary BLUMENTHAL specific spending statement stimulus substantial suggest supply talk Thank thing tion Treasury trying unemployment weather
63. lappuse - I tell you, in all candour, that that option no longer exists, and that insofar as it ever did exist, it only worked by injecting bigger doses of inflation into the economy followed by higher levels of unemployment as the next step. That is the history of the past 20 years" (speech to Labour Party Conference, 28 September 1976).
9. lappuse - Ey adopting this stimulus program, the United States will be asserting leadership and providing a better international economic climate. We will then ask the stronger countries abroad to follow suit. This program itself implicitly calls on them to undertake stimulus efforts of proportionately similar amounts to ours.
9. lappuse - Today, for example, it is important that those stronger countries, like the United States, Germany and Japan, work together to expand as rapidly as is consistent with sustained growth and the control of inflation. By adopting this stimulus program, the United States will be asserting leadership and providing a better international economic climate. We will then ask the stronger countries abroad to follow suit. This program itself implicitly calls on them to undertake stimulus efforts of proportionately...
99. lappuse - ... if the protection is not provided. HOOSIC RIVER PROJECT, VERMONT Now I wish to call attention to the fact that the Hoosic River goes through the southwesternmost corner of Vermont. And Vermont has an interest in the protection on that river. I have here a letter which I would like to put into the record. The CHAIRMAN. Without objection, it will be inserted. (The letter referred to is as follows :) POWNAL TANNING Co., North Pownal, Vl., February 13, 1949: The Honorable RALPH E.
119. lappuse - ... will not solve this or our other longerterm problems simply by loosening the Federal purse strings and letting the money roll out. That course would sooner or later accelerate inflation and thereby create other, and perhaps even greater, economic problems. It should be abundantly clear by now that a healthy and prosperous economy can be achieved only by pursuing policies that are consistent with steady progress toward restoration of general price stability. That principle is continuing to guide...
101. lappuse - A monetary economy, we shall find, is essentially one in which changing views about the future are capable of influencing the quantity of employment and not merely its direction.
83. lappuse - ... have been showing an inclination to spend more freely; during the fourth quarter, the percentage of disposable personal income devoted to consumer spending was the highest in several years. Except in areas where the weather has been especially unfavorable, retail sales since the beginning of the year have continued at a satisfactory pace. Moreover, consumers have built up their stocks of liquid assets substantially during the past 2 years. With their financial condition thus improved, they are...
21. lappuse - Years 1977 : 1978 Rebate and social security payment program: Fifty dollar per capita rebate: Reduction of tax 8.2 Refunds in excess of liability 1.4 Total 9.6 Fifty dollar payment to social security and railroad retirement beneficiaries 1.8 Total rebate program 11.4 Simplification and reform program: Replace the current law standard deduction with a flat deduction of $2,400 for single returns and $2,800 for joint returns...