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July 1979

Posted 1979-07-01

Rising Farm Exports and International Trade Policies

by Clifton B. Luttrell

Exports of farm commodities in 1978 totaled $29.4 billion, almost 27 percent of the value of all cash farm receipts, and a further increase in farm exports is expected this year. 

Posted 1979-07-01

Government Debt Financing—Its Effects in View of Tax Discounting

by Neil A. Stevens

The virtues of a balanced government budget have long been a subject of controversy among economists, politicians, and the general public. Debate on this subject again has heated up in view of the persistence of inflation and what some consider the inadequate growth of private investment and the excessive growth of government.