Word: expansionism
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Dates: during 1970-1979
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There is much to be said for the widely held thesis that the U.S. will be gripped by both stagnant growth and roaring inflation through the next decade. This could be the grim legacy of the profligate, overregulated 1970s. In the current indulgent decade, the U.S. has spent too much...
Encourage Capital Formation. Gradually remove all Government limits on the amount of interest that banks and other savings institutions can pay, and eliminate all taxes on that interest. This would provide a tremendous boost to private savers, particularly the poor and middle-income Americans, who put a larger proportion of...
That law not only will save energy but will also encourage investment in new and better products. But the environmental regulations that retard the switch to coal, the expansion of nuclear power and the development of oil shale are debilitating to the nation. They not only waste energy but also...
Encourage Domestic Energy. Eliminate all controls on oil prices, which would then rise to world levels and stimulate conservation; such a move would also lead to the expansion of drilling in the U.S. and to the development of alternative sources of energy that would become economically competitive if oil prices...
The Carter Administration has hoped that a doubling of coal output by 1985 would reduce the U.S.'s dependence on foreign oil. But production has risen by only about 10% from last year's strike-depressed level of 654 million tons, and consumption of the fuel has remained...