Lessons can be learned from a study of the past. Future mistakes can be avoided, using the information gained through analysis of the policy actions that were taken and evaluating the resulting economic performance. Similarly, for these periods when economic performance was successful, an analysis of the contributing forces provides some positive guidance to policymakers. From an economic growth and stabilization viewpoint, the four-year period from 1961 to 1965 was one of the most successful in our history.