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Preface to the Third Revised Edition
The Depression Origins
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accepted achieve American argument balancing the budget benefits billion budget deficit Bush Carter Congress conservative controls decisions decline defense demand depression disinflation Economic Advisers economic growth economic policy economists effect expected expenditure cuts fact Federal Reserve fiscal policy forecast free market full employment goal gold Herbert Stein high employment idea income tax incomes policy inflation rate inflationary interest rates Kennedy Keynes Keynesian labor Laffer Curve less liberal ment monetarism monetarist monetary policy money supply Moreover national income Nixon nomic nominal GNP percent period political President price and wage price level price stability private investment probably problem productivity programs proposed raise taxes raise the revenue rate of growth recession recovery reduce Republican restraint result rise Ronald Reagan Roosevelt saving social security spending supply-side supply-side economics target tax cut tax increase tax rates tax reduction tion unemployment unemployment rate wanted