Word: eia
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Dates: during 1970-1979
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Critics also argue that the EIA would thrust heavy new demands into capital markets, either by borrowing or by having the Treasury borrow for it, thus crowding out private borrowers and fanning inflation by pushing up interest rates. Republican Banker Beryl Sprinkel, a member of TIME'S Board of Economists, adds that the Government should let the free market decide which energy-development projects are worth financing and which...