JOINT ECONOMIC COMMITTEE
CONGRESS OF THE UNITED STATES

NINETY-SECOND CONGRESS

SECOND SESSION

JUNE 13, 14, AND 15, 1972

Printed for the use of the Joint Economic Committee

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON : 1972

82–971 O

For sale by the Superintendent of Documents, U.S. Government Printing Office

Washington, D.C. 20402 - Price 60 cents

Stock Number 5270–01579

JOINT ECONOMIC COMMITTEE
(Created pursuant to sec. 5(a) of Public Law 304, 79th Cong.)

WILLIAM PROXMIRE, Wisconsin, Chairman

WRIGHT PATMAN, Texas, Vice Chairman
SENATE

HOUSE OF REPRESENTATIVES
JOHN SPARKMAN, Alabama

RICHARD BOLLING, Missouri J. W. FULBRIGHT, Arkansas

HALE BOGGS, Louisiana ABRAHAM RIBICOFF, Connecticut

HENRY S. REUSS, Wisconsin HUBERT H. HUMPHREY, Minnesota

MARTHA W. GRIFFITHS, Michigan LLOYD M. BENTSEN, JR., Texas

WILLIAM S. MOORHEAD, Pennsylvania JACOB K. JAVITS, New York

WILLIAM B. WIDNALL, New Jersey JACK MILLER, Iowa

BARBER B. CONABLE, JR., New York CHARLES H. PERCY, Illinois

CLARENCE J. BROWN, Ohio JAMES B. PEARSON, Kansas

BEN B. BLACKBURN, Georgia

John R. STARK, Executive Director
LOUGHLIN F. McHugh, Senior Economist

ECONOMISTS
Ross F. HAMACHEK

JERRY J. JASINOWSKI
RICHARD F. KAUFMAN

COURTENAY M. SLATER
GEORGE D. KRUMBHAAR, Jr. (Counsel) WALTER B. LAESSIG (Counsel)

Minority: LESLIE J. BANDER

(II)