The Great Society; 7; The Sizzling Economy
- Series
- The Great Society
- Episode
- 7
- Episode
- The Sizzling Economy
- Producing Organization
- WETA-TV (Television station : Washington, D.C.)
- Contributing Organization
- Library of Congress (Washington, District of Columbia)
- AAPB ID
- cpb-aacip/512-wh2d796g05
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- Description
- Episode Description
- Three leading economic experts unanimously opposed a tax increase as an inflationary curb or economic stabilizer. The three economists - Dr. Milton Friedman, Dr. Leon Keyserling, and Dr. Herbert Striner - also said they detected deflationary as well as inflationary indicators in the economy. Their unanimity based on different reasons - was expressed during a half-hour panel discussion in "The Sizzling Economy," the seventh program in National Educational Television's "The Great Society" public affairs series. The panel was moderated by Austin Kiplinger, editor of the Kiplinger New Letter. Dr. Keyserling said there are "enough signs of weakness in the economy so that a tax increase would be destructive." The former chairman of the President's council of Economic Advisers during the Truman administration was critical of the current emphasis on inflationary hazards, and he argued that there was "not enough stress on the signs of weakening" in the economy. Dr. Friedman, president-elect of the American Economic Association, and former economic adviser to GOP presidential candidate Barry Goldwater, concurred: "I'm not in favor of raising taxes now (or using) taxes as a sensitive instrument for regulating the economy." The conservative economist maintained that the federal government is spending too much money on non-military programs and that it is being wasted, "because it is not in fact achieving our objectives." Dr. Striner, director of the Upjohn Institute for Employment Research, observed that all the indicators are not on the side of continued inflationary pressures. He said he "would begin to edge slightly" on the possibility of inflation continuing. He added that some of the deflationary indicators "leave me somewhat more ill-at-ease than I would have been a month ago." Milton Friedman is a professor of economics at the University of Chicago, and was economic adviser to former Senator Barry Goldwater during his Republican presidential campaign of 1964. Mr. Friedman is an exponent of the negative income tax proposal, and is regarded as a conservative economist. He is president-elect of the American Economists Association. Leon H. Keyserling is a liberalist, and was chairman of the President's Council of Economic Advisers during the Truman Administration. Mr. Keyserling, currently a Washington economic consultant, also is an attorney. Dr. Herbert E. Striner is a moderate-line economist, the director of the Upjohn Institute for Employment Research and former director of urban studies and senior economist at the Stanford Research Institute. (Description adapted from documents in the NET Microfiche)
- Series Description
- For the aged, theres social security and medicare; for the slums and ghettos, theres urban renewal; for the unemployed and school dropouts, theres job training; for the poor and culturally deprived youngsters, theres specialized education; for minorities, theres civil rights. And in the over-all American dream as envisioned by President Johnsons Great Society, theres more that needs to be done for Americans living in this proud land. In a new series of eight half-hour public affairs episodes, National Educational Televisions The Great Society will take a critical look at just how much and how little success these federal programs have had, the extent of support and opposition by local and state governments to them, and the future of more sweeping creative federalism. The Great Society will consider in documentary and panel discussion reports the political implications of President Johnsons domestic goals in light of the Vietnam war and a Congressional election year, our countrys constant reach in attaining goals for betterment, how citizens from different walks of life view the Great Society, the problems of megalopolis, and federal control of Great Society programs.In its coverage, The Great Society will feature noted journalists, educators, Congressional leaders, local, state and federal government officials, and political experts. The Great Society is a 1966 production of National Educational Television and WETA, Washington, D.C.s educational television station. The 8 half-hour episodes that comprise this series were originally recorded on videotape. (Description adapted from documents in the NET Microfiche)
- Broadcast Date
- 1966-06-27
- Asset type
- Episode
- Genres
- Talk Show
- Media type
- Moving Image
- Duration
- 00:29:27
- Credits
-
-
Executive Producer: Smith, Robert D.
Moderator: Kiplinger, Austin
Panelist: Friedman, Milton
Panelist: Keyserling, Leon
Panelist: Striner, Herbert
Producer: Hunter, Jack
Producing Organization: WETA-TV (Television station : Washington, D.C.)
Writer: Frifield, Don
- AAPB Contributor Holdings
-
Library of Congress
Identifier: 2077567-1 (MAVIS Item ID)
Format: 2 inch videotape: Quad
Generation: Master
-
Library of Congress
Identifier: 2077567-2 (MAVIS Item ID)
Generation: Master
-
Library of Congress
Identifier: 2077567-3 (MAVIS Item ID)
Generation: Copy: Access
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- Citations
- Chicago: “The Great Society; 7; The Sizzling Economy,” 1966-06-27, Library of Congress, American Archive of Public Broadcasting (GBH and the Library of Congress), Boston, MA and Washington, DC, accessed November 23, 2024, http://americanarchive.org/catalog/cpb-aacip-512-wh2d796g05.
- MLA: “The Great Society; 7; The Sizzling Economy.” 1966-06-27. Library of Congress, American Archive of Public Broadcasting (GBH and the Library of Congress), Boston, MA and Washington, DC. Web. November 23, 2024. <http://americanarchive.org/catalog/cpb-aacip-512-wh2d796g05>.
- APA: The Great Society; 7; The Sizzling Economy. Boston, MA: Library of Congress, American Archive of Public Broadcasting (GBH and the Library of Congress), Boston, MA and Washington, DC. Retrieved from http://americanarchive.org/catalog/cpb-aacip-512-wh2d796g05