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Must We Retrench?

By Francis M. Bator
Spring 1989
Article Summary and Author Biography

It is not the deficit, so much as the shift from investment to consumption, that should concern US economists. Proposes measures (notably a reduction in interest rates) to restore investment levels.

Francis M. Bator is Ford Foundation Professor of International Political Economy at the John F. Kennedy School of Government at Harvard University. He served as deputy national security adviser to President Lyndon B. Johnson. Copyright (c) 1989 by F. M. Bator.

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