- search:
-
hoover.org
-
archives
-
library
<< Prev Program Details Next >>
| Program Number | S0243 |
| Title | The Economic Planks of Both Parties |
| PBS Number | 609 |
| Moderator | - |
| Host | Buckley, William F. (William Frank), 1925-2008. |
| Guest(s) | 1) Rinfret, Pierre. - investment counselor, founder and President of the Rinfret
Boston Association, sometime economics advisor to President Nixon |
| Taped on | Aug 26, 1976 (New York City, NY) |
| Broadcast Date | Aug 28, 1976 |
| Duration | 60 minutes (or hh:mm:ss) |
| YouTube Video |
no YouTube clip available |
| Summary | Mr. Rinfret energetically takes up where he left off on his previous Firing Line appearance (#S156), tracing our economic problems over the last ten years. "We have a very interesting paradox going on right now. It's something nobody wants to talk about. We may not have in this country right now enough capital to put every American to work. I can give you the analogy in a very simple way: ten machines, eleven people looking for work, and only one man can work at one machine at a time. So you can put ten people to work and the eleventh guy is going to stand there ... We may be in that problem of having underinvested, overconsumed under an ancient antique concept of the 1930s. Consumption is not our problem. And yet every President that comes along, Congress comes along and says, 'Stimulate consumption; we need more consumption.' ... So they keep wondering why they're not getting economic growth." |
| Subject Heading(s) | United States -- Economic conditions -- 1961-1971. United States -- Economic conditions -- 1971-1981. United States -- Economic policy. Republican Party (U.S. : 1854- ) Democratic Party (U.S.) |
| Related Document(s) | Type(s): Transcript Type(s): News release, CV, photos, negatives Type(s): Research materials Type(s): Transcript |
| Purchase show | Program is unavailable on DVD at this time. |
| Transcript | Download transcript (80040_s0243_trans.pdf) |
