Bright Promises, Dismal Performance: An Economist's ProtestThe Nobel Prize winner writes here on current issues of prevailing concern to every American citizen and taxpayer, displaying the powers of analysis and expression that have made him one of the most widely respected economists in America. Edited and with an Introduction by William R. Allen. |
Contents
Economic Myths and Public Opinion January 1976 | 60 |
Is Capitalism Humane? 1978 | 83 |
Fair Versus Free July 4 1977 | 91 |
Copyright | |
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amendment amount average banks benefit bill borrowing budget bureaucratic capitalism cars cartel Chrysler competition Congress consumer cost cure cyclamates decline deficits demand dollar economic economists effect eliminate energy enterprise ernment example expense favor Fed's Federal Reserve System federal-funds rate finance fiscal flat-rate tax free market freedom Friedman government spending higher imposed incentive increase individual industry inflation inflationary interest rates less lower M₁ M₂ major ment Milton Friedman monetary growth monetary policy money supply monopoly months myth negative income tax nomic OPEC output percent period planning Playboy political poor President problem produced programs proposed quantity of money Ralph Nader recent recession reduce regulation result revenue rise Social Security society sumer swings tax cut tax rates taxpayers thing tion Treasury U.S. Steel unem unemployment vote wage welfare