Word: ecksteins
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...economy is sinking like a stone, in its fastest rate of decline since the 1958 recession and it looks like this one will be at least as bad, if the administration continues its present anti-inflation campaign," Eckstein said last night...
...Eckstein proposed that the government stimulate the economy through a combination of tax reduction and spending increases amounting to at least $25 billion...
...also proposed that the Federal Reserve Board allow the money supply to grow at a 9 per cent rate. Eckstein said the present target rate of 6 per cent and realized rate of 3 to 3.5 per cent are inadequate and further declining growth rates...
...There is a gap between actual and potential full-employment GNP of from $50 to $75 billion," Eckstein said. "Even taking the conservative figure and a multiplier of around two, the stimulus has to be at least $25 billion, not the $4 or $5 billion the Administration is talking about...
...Eckstein said his proposals would not "fan the fires of inflation," as some senators feared...