The Nation: AS THE ECONOMISTS SEE IT

Reactions to the Carter plan from TIME'S Board of Economists:

Most emphatic in support of the energy package is Joseph Pechman of Washington's Brookings Institution, who has repeatedly urged the adoption of two of the program's main elements: an additional federal tax on gasoline and an excise tax on big gas-gulping cars. Pechman concedes that the plan will add "moderately" to the inflation rate, but contends that somewhat higher prices are part of the cost the nation must pay to resolve its "most serious problem." The program should have little or no impact on economic growth, Pechman asserts. Harvard University's Otto Eckstein...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!