Letters: Oct. 12, 1981


To the Editors:

Here's hoping we will all take the medicine the Administration prescribes and support Paul Volcker and the Federal Reserve Board in their determination to stop inflation [Sept. 21]. There are no free rides for the sin of overspending.

Frank Wall

Redlands, Calif.

Mr. Reagan can cut the budget, he can cut taxes, he can even cut flowers, but if he doesn't cut the interest rate nothing positive is going to happen.

Robert P. Morrison


Reduced inflation, reduced interest rates and a balanced budget are fundamental. But how do you attain them? By reducing "entitlement accounts." I receive Social Security, but I believe...

Want the full story?

Subscribe Now


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!