Way The World Works

American Pin banks barter economy billion brackets Britain British capital stock Congress contraction countries currency debt deficit demand Democrats devaluation dollars domestic economists effect efficient exchange expand Federal finance force foreign Germany global electorate gold government wedge growth Hoover idea income redistribution income tax increase India individuals industry inflation intellectual capital investment Ivory Coast Keynes Keynesian labor Laffer Curve less lower marginal marketplace ment monetarists monetary money economy money illusion money supply Nixon output percent personal income personal income-tax political economy political leaders politicians problem production progressive progressive tax Puerto Rico pushed redistribution reduced reform Republican revenues Senate Smith and Jones South Vietnam Soviet spending stock market surtax tariff tax cuts tax rates tax wedge taxation Third World tion trade transactions Treasury U.S. dollar U.S. economy unemployment United Vietnam vote voters wages wealth widget workers York