In testimony earlier this year before a Senate subcommittee on the Humphrey-Hawkins bill, and in the Godkin Lectures on the essentials of government delivered at Harvard last month, Charles Schultze spelled out some of his ideas on the different roles of government and the private sector.
ON FIGHTING UNEMPLOYMENT: "The basic problem with achieving and maintaining full employment is not that we lack the economic tools to generate increased employment. The traditional weapons for stimulating economic activity—easy money, tax cuts and government spending for worthwhile purposes—are perfectly capable of generating an increased demand for public and private goods and services. The real...
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