Word: retardants
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...investment rather than consumption. Some steps in that direction were the Revenue Act of 1978, which slashed maximum capital gains taxes from 49% to 28%, and the appointment of the tough-minded Volcker to the Fed. Though a tight money policy temporarily holds back stock prices, it stands to retard inflation in the longer...
...nation will have to make the most of its available alternatives to oil, and to do that it will have to moderate some of its stringent environmental protection laws. The U.S. is the Saudi Arabia of coal, but a maze of regulations retard the mining, transportation and burning of coal, greatly inflating its price...
...many noninflationary years, the U.S. produced more goods and services more cheaply by building new plants and lavishing billions on research and development. But those glory decades have ended, at least temporarily. Government policies now work to discourage saving, retard investment and divert into immediate consumption the money that industry needs to spend on new factories, new equipment and new skills. Partly because of this, over the past ten years, annual productivity growth has slowed to about half the average 3% increase of the 1960s. This has been a major cause of slow economic expansion, the debilitated dollar and double...
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 increase oil imports and kill off job-creating capital projects...
...editorial in the People's Daily urged further progress down the capitalistic road. "In the process of competition," it said, "a small number of enterprises will be eliminated because their products are of poor quality. What's wrong with that? It will encourage the advanced and retard the backward...