Magazine content is available exclusively for TIME subscribers.Letters, Feb. 20, 1978
The Economy To the Editors:
When will we value the N.G.P. (national growth of people) over the G.N.P.? I fear not until we run out of the means of perpetuating our cherished consumption economy. Your article "Trying to Build Confidence" [Jan. 30] implied that a healthy, happy America buys, buys, buys everything business sells, sells, sells. Laury Kohlenbrener Madison, Wis.
Cutting taxes while offering a deficit budget is no way to strengthen the dollar or to achieve economic stability.
Anyone who believes that more spending with reduced income will cure inflation must be a...
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