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Controls or Competition: Hearings, Ninety-Second Congress, Second Session (Classic Reprint) [Copertina flessibile]

United States. Congress. Senate. Committee On The Monopoly

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18 luglio 2012
Senate, Subcommittee on Antitrust and Monopoly, Committee on the Judiciary, Washington, D.G. The subcommittee met, pursuant to recess, at 9:40 a.m., in room 318, Old Senate Office Building, Senator Philip A. Hart (chairman) presiding. Present: Senators Hart, Hruska, and Thurmond. Also present: Charles E. Bangert, general counsel; Dr. Walter S. Measday, economist; David D. Martin, chief economist, Arthur A nderson, economist; Peter N. Chumbris, chief counsel for the minority; Kirkley S. Coulter, economist for the minority; Patricia Bario, editorial director; and Janice Williams, clerk. Senator Hart. The committee will be in order. It will come as no surprise to Senator Gore, nor to Dr. Mueller, that while you guests represent all the talent that does not deter Senators from making opening statements. But this time mine is, I hope, by all definition, a brief one. The hearings that we open this morning are entitled Controls or Competition. The hearings open at a period when Government control over our economy reaches further than has ever been the case in a period other than one of declared war. Our hearings are not to argue whether these controls have been needed to slow unemployment or inflation. What I hope would be the issue that we might get some understanding on is how we got into this situation and what changes should be made to avoid having varying kinds of wage, and price controls with us for years to come. That fiscal and monetary controls can contain inflation and unemployment in our present economic structure is a theory that has been tested and in the minds of many it has failed. Many economists tell us this is not because the fiscal and monetary theories are invalid but that they need a competitive economy if they are going to work. This subcommittee and now the administration has suggested for some time that although we bill ourselves as a free e
(Typographical errors above are due to OCR software and don't occur in the book.)

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