The Impact of High Interest Rates on the Economy: A Call for Congressional Action, 1981-04-20

Item — Box: 51, Folder: 13

Identifier: CAC_CC_109_4_51_13_0035

Staff Only

The Impact of High interest Rates on The Economy: A Call for Congressional Action

The text is a letter to a congressman, expressing concerns about high interest rates and the control of currency by the private banking sector. The author argues that the Federal Reserves actions in raising interest rates are inflationary and negatively impact the cost of living and employment. They believe that returning control of currency to Congress would be more responsive to the will of the people and that ample funds at reasonable rates would solve many economic problems.

Dates

1981-04-20

Creator

Jones, James Robert (James R.), United States Ambassador to Mexico (1993-1997); Chair of the House Budget Committee (1981-1985); U.S. House of Representatives from Oklahoma's 1st district (1973-1987), 1939- (Person)

Language of Materials

English

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