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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 26, 1966
Page
6
Federal budget policy shifts from stimulus to restraint, with economists touting a five year record of success. From 1961 to 1965 tax cuts and spending boosted demand, spurring growth and low inflation. By mid 1965 faster expansion outpaced capacity, prices rose, and Viet Nam spending signaled higher demand and future strain.
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