Analysis and Correspondence on the 1978 Economic Policies for Dollar Stabilization, 1978-11-01

Item

Identifier: CAC_CC_109_4_22_38_0022

Staff Only

Analysis and Correspondence on the 1978 Economic Policies for Dollar Stabilization, 1978-11-01

The text is a letter from James H. Chafin to Congressman James R. Jones expressing concerns about the President's plan to address inflation by raising interest rates and other methods. Chafin outlines the short and long-term effects of the plan, expressing skepticism about its effectiveness and suggesting that the government should focus on balancing the federal budget to reduce inflation. Chafin also criticizes the decision to borrow foreign money and sell US gold abroad. He concludes by suggesting that the only way to understand the government's fiscal policies is to take a course in economics from a socialist perspective.

Dates

1978-11-01

Language of Materials

English

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