Word: samuelson
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...breakthrough above 1000, says Economist J. Kenneth Galbraith, "will encourage the susceptible, but mostly it was useful to people who needed an excuse to get drunk." Nobel Prizewinner Paul Samuelson views the feat as "a belated recognition of what has been happening to the rate of growth of the economy." The main question, he believes, is why the index took so long to break...
...stimulate the economy and employment is to stimulate the private sector. If we get rid of the tax burden on individual citizens and businesses, they'll have more money to spend. This will increase the demand for production and thus create jobs. It's freshman economics right out of Samuelson and now even Samuelson won't admit that that's the answer...
Edwin Kuh, professor of Economics at MIT and Stanley Surrey, Smith professor of Law were instrumental in the drafting of McGovern's revised economic proposals. Paul Samuelson, a colleague of Kuh's worked with him on the draft, but has not been as active in this campaign as he had been in the past for Democratic candidates. "I'm working on the ninth revision of my textbook now no I really don't have the time to be as active as I was for Jack Kennedy," Samuelson said. "I'll probably confine my activities to talking to financial groups...
Nobel Laureate Paul Samuelson argued that the budget deficit, whatever its level, should reflect new national goals...
...said that intensive bombing in Viet Nam could increase the Administration's defense budget by $5 billion beyond expectations. Asked Samuelson: "Does this mean that somebody in the inner city is going to starve because of the ceiling [on other spending]?" His point: If defense spending can rise, why should social spending be limited? Samuelson also called the big deficits of the past few years "responsible," moving the New York Daily News, which takes a Middle-American view of economics, to nominate him for "this year's Dumbbell Award...