Word: reductionisms
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Dates: during 1970-1979
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"The problem is how to lower taxes without affecting programs," she said. Graham advocates the establishment of a graduated state income tax--which was defeated 2-1 on a statewide referendum in 1975--combined with a plugging-up of loopholes in the tax laws. She also believes that there should...
While wage and price guidelines attracted the most attention, Carter was well aware of the complaint by businessmen and some economists that the Federal Government is the biggest single contributor to inflation. With pride, he pointed out that his Administration had reduced the federal budget deficit, a prime contributor to...
The President offered one other provision to encourage the cooperation of business leaders: a reduction in unnecessary federal regulations that add to company costs. He cited his deregulation of the airline industry as an example. Yet he did not by any means promise total freedom from Government supervision. "Where regulations...
Most important, he might have called for a severe reduction in the growth of federal spending, because it is deficit spending that obliges the Federal Reserve to print the money that generates inflation.
Historically, the choice has tended to fluctuate between the idealistic and the more or less pragmatic - saints or statesmen. It has also reflected the wish of Nobel, who specified that the recipient be "the person who shall have done the most or the best work for fraternity among nations, for...