Annual Report, 4권U.S. Government Printing Office, 1949 |
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achieve adjustment agencies American economy approach attitude of government attitude toward business basis business activity business and gov business and government business investment business system BUSINESS TOWARD GOVERNMENT businessmen Committee compensatory concerned Congress consumer incomes consumption Council downturn economic analysis economic balance Economic Report economic stability economic system economists effect effort Employment Act enterprise and free ernment expansion extremists facts farmers Federal free enterprise system free government fully function future goal government policies government toward business GOVERNMENT'S ATTITUDE harmony and consistency improved industrial inflationary boom interests involves istered Keynesian economics labor long run maximum production measures ment moderation national economic policy nomic objectives old-age security operations peacetime practical President progress promote prospects public policies public programs purchasing power purpose realize relationship small business specific controls stability and growth statistical study and education thinking tion trend unemployed wage whole economy workers
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5 페이지 - We regard it as an historic event when the occupant of the most persuasive office in the world acts upon the proposition that our business system has further opportunities which transcend even those it has seized upon in the best previous decades.
6 페이지 - ... is the way to more inflation with all the harm that it brings, it is the way to economic instability instead of stability, it is a deterrent to business investment, and it is an obstacle to rising productivity. Now, as I said earlier, I thoroughly agree with the Council when it says, and I quote — The general growth of the American economy can create within less than a generation a truly good standard of living for all, but on the three basic subjects that I have mentioned I believe the Council's...
6 페이지 - * * * the efforts to promote expansion of the total production and income of the economy are more significant than measures to 'redistribute
12 페이지 - This leads to the conclusion that "compensatory" public action can help to iron out minor fluctuations of the business cycle and must indeed be used if big ones develop, but that complete recovery from a substantial downswing depends primarily upon the revival of private investr ment.
22 페이지 - The true nature of the social security problem being what it is, the concept of "saving" for social security is in one sense useful and in another sense misleading. It is useful to recognize that we must save in order to enlarge our productive equipment. Without such enlargement, our economy would not be able to turn out more goods from year to year and therefore would not be able to afford the progressive expansion of social security. But it is misleading to assume that through any process of bookkeeping,...
22 페이지 - ... contribution by the Government out of other tax revenue, in acknowledgment of the general obligation of the Nation for the security of the aged. This also makes it possible gradually to adjust the financing in greater or lesser measure to a pay-as-you-go basis. As stated in the Council's Fourth Annual Report: The Council strongly favors the national system of social security which involves contributions from employers and from workers on a systematic basis, and which also involves contributions...
18 페이지 - The privilege of men and agencies within a free government to give differing advice should be cherished. But this does not mean that the final execution of public programs touching upon the whole economy should not achieve that internal consistency and that harmonious relationship to defined common objectives which any large undertaking demands.
9 페이지 - South from the bankers of the North, or the workers in general from the industrialist class, or the consumer from the farmer. To be sure, government still has the function of preventing any one group from taking unfair advantage of another, and laws and administrative devices are necessary for this purpose. But national economic policy should center mainly upon the basic interdependence of the long-range interests of various groups. If we are to endure and grow as a nation, the things which unite...
21 페이지 - The support of people who are too old to work or who are unemployed or ill does not create wealth. It is not like the production of goods and services. For the most part, it enables certain individuals to consume wealth which is being currently produced by others. The real question is, how much of current production may be diverted to support this particular type of consumption (above a base subsistence level, for that level of support the economy must bear in any event) without sacrifice of relatively...