The Economy: The Pragmatic Professor

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And indeed, if the Kennedy Administration can bring about faster economic growth without inflation and without price controls or other varieties of regimentation, it will deserve the nation's gratitude and congratulations. But it may well be that after a year or two of rubbing against realities, a little of that old dismal tone will be creeping back into the new, cheerful economics.

* The Russians claim a 10% rate, but Western experts consider that an exaggeration.

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