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Page 2 · column 4 of 7 · from the scan, no model involved
all fronts. He advocates financing rearmament on a pay-as-you-go basis, stcictly limiting all govern* ment functions which do not directly further the defense effort, and sharply restricting -credit for luxuries and non-essential purposes. If these measures fail to do the job, he continues, price, wage and rationing controls must be applied to the whole country. In advocating this program, Mr. Newsom is largely in agreement with our leading economists.
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