Word: answers
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Dates: during 1970-1979
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...question is, will these budget cuts slow inflation? Unfortunately, the answer is a qualified no. While the cuts may shave a little off the inflation rate, deficit spending is not the main source of inflation. As Carter himself has noted, several essential items such as food, housing, medical care and energy are the most pressing sources of inflation. Deficit spending may lower the amount of money in the economy and so affect aggregate demand slightly, but there is no guarantee that it will affect the inflation rate in the guilty sectors...
When President Carter formulated his anti-inflation program, he either forgot or dismissed the rhetorical question he posed two years ago in a statement to the American people: Who will profit from these prices and to what degree? The answer to the question is sadly predictable...
Dissidents in prison are separated from the others, and live in the hardest conditions. I have tried to contact people in prisons. Korshnikoff--for a half year his family heard nothing. I sent telegrams to the officer in his camp about his health, paid two rubles for an answer, but received none. I will send telegrams once more...
...footwork on the Senate floor last week. Frustrated in past sessions by the increased use of the filibuster and the postcloture filibuster, Byrd decided to do something about both obstructionist tactics. After much study, he was convinced, just be fore the session began, that he had found an answer, though he was not telling anybody what...
...does one judge whether-and how big-a deficit is appropriate? There is no simple answer, because deficits can have a variety of effects on the economy. As Arthur Burns, former Federal Reserve Board chairman, notes: "When the Government runs a budget deficit, it pumps more money into the pocketbooks of people than it takes out of their pocketbooks." That creates more demand for goods and services, which can put idle people and machines to work, or can make prices rise faster than they would if demand were lower...