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French Financing Intrigues JFK Twin Books Secret
AP analyzes how France uses two sets of books to fund government while US debates deficit and growth. Kennedy aides discuss balancing the formal budget versus promoting full employment. European practice borrows via public securities, not by central bank credit, shaping inflation risk and growth.
MENTIONED IN THIS ARTICLE
JFK
New York
France
Kennedy
U.S. Treasury
Jance
David E. ‘Bell
Treasury
U.S