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Economic policies shift toward reflation and expanded credit
U.S. News & World Report outlines a shift in government fiscal policy from tight money to expansion through increased spending and credit. President Truman pushes big spending with possible tax changes, while margin requirements fall and housing credit loosens. The aim is broader borrowing to revive prosperity toward a projected national income of 300 billion dollars, raising questions about sustainability as government spending dominates the economy.
MENTIONED IN THIS ARTICLE
U.S. News & World Report
White House
Truman
Congress
U.S
Council of Economic Advisers