Search

CONGRESS SENATE REPOirr 1st Ses8ion No 809 THE PRESIDENT S PROGRAM TO DEAL WITH THE PROB LEMS OF INFLATION DECEMBER 19 legislative day DECEMBER 4 1947 Ordered to be printed Mr TAFT from the Joint Committee...the President s program to deal with the problem of inflation The committee is still studying the other points together with the basic causes of inflation and possible solutions therefor The fact that this...credit prohibited to the disruption of normal business activity 2 PRESIDENT S PROGRAM TO DEAL WITH INFLATION Nor does it now endorse proposals to continue consumer credit controls indefinitely as a means of...

will probably be weak Under Administration policy the excessive levels of deficits debt taxes and inflation will undermine long term economic growth Un fortunately increasing the burden of government on an...

very real threat that these massive government debts may be monetized raises the specter of future inflation and increases the potential for long term interest rates to move even higher Higher long term interest...

INCREASES 43 B By the Council of Economic Advisers The fact that we are not now threatened with general inflation does not justify price increases at any vital points in the industrial structure Such price increases...

Republicans Joint Economic Committee Inflation Still a Danger 82nd Congress Print Facebook Twitter Email Report File https www jec senate gov reports 82nd Congress Inflation Still a Danger 48 pdf Permalink...

investment occurs 13 Delaying deductions means the present value of the write offs adjusted for inflation and the time value of money is worth less than the original cost sometimes worth much less Delayed...2027 due to the expiration of the individual income tax cuts and the adoption of Chained CPI as an inflation measure We project the economy will be about 2 8 percent larger than it otherwise would have been...

Economists here at the Joint Economic Committee also analyzed 21 different measures of wage growth and inflation and 20 of the 21 showed real wages rising faster during this Congress and Administration than during...has not happened In fact hourly wages adjusted which you can see in this chart here adjusted for inflation are actually going down not up And as you can see in the chart on wage growth the average hourly...typical workers take home pay was lower in July of 2018 than in July of 2017 after adjusting for inflation In other words wages simply are not keeping pace with the cost of living That means it is harder...

upon the volume of international trade has declined throughout the world Other factors such as inflation exchange controls quotas and bilateral agreements are more potent and direct in their effect on...any effective policy with respect to either agriculture or industry in the South The fact that inflation may be as serious a threat as is depression to our economic system does not vitiate the importance...plot the course of stable full employment between the Scylla of depression and the Charybdis of inflation It is not easy to recommend the precise timing of tax increases and reduc tions of budgetary surpluses...

Inasmuch as investment is a powerful stimulus to business it is altogether probable that postwar inflation would have been worse had there been still higher levels of investment Insofar as governmental tax...

levels are still less than half of 2004 levels in those same communities In fact when adjusted for inflation rural lending is below 1996 levels 8 Further loans to rural communities account for only ten percent...