Presidential Economics: The Making of Economic Policy from Roosevelt to Reagan and BeyondWith rare wit and lucidity, Herbert Stein examines the events, policies, and personalities that have shaped the American economy for a half-century. |
Contents
A Turn to the Right | 15 |
The Depression Origins | 27 |
Postwar Consolidation | 65 |
Copyright | |
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accepted achieve argument balancing the budget benefits billion budget deficit Carter Congress conservative economics considered Council of Economic decision defense demand depression Economic Advisers economic growth economic policy economists effect expansion expected expenditures Federal Reserve fiscal and monetary 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 liberal mainly ment Milton Friedman monetary policy money supply Moreover national income nomic nominal GNP nondefense output percent of GNP period political poverty President price and wage price level price stability probably problem productivity programs Reagan recession reduce regulation Republican responsibility restraint result Richard Nixon rise Ronald Reagan Roosevelt spending supply-side supply-side economics target tax cut tax increase tax rates tax reduction theory tion unem unemployment unemployment rate wanted workers