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Savings bonds misnamed they lose value over time
A panel of 67 economists urges raising the 1 year rate ceiling on U S government bonds to beat inflation and improve sav ings bonds earnings. They note that series E pays little early and inflation erodes real returns, urging Congress to act while payroll deduction plans influence bond sales.
MENTIONED IN THIS ARTICLE
New York
U.S
Savings and Loan Association
Congress
Nixon
Henry C. Wallich
Walter Heller
Raymond Saunier
President's Council of Economic Advisers
Murray Weidenbaum
Treasury Secretary
U.S. Treasury
Treasury