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The major elements of economic stabilization.
Fiscal policy.
Monetary policy.
Influence of the Federal Budget.
High employment budget.

The Role of Monetary Policy.
Money Supply

The Policy Mix.
Results of what we've had -

G.N. P. performance

Current $'s
Real $'s

^Interest rates.
Prices - Inflation.

The Pound Devaluation Psychological reaction.
The Gold Rush.

The real position of the $



Domestic vs. International Influence

-2-

I nflation and the Farmer
Pluses:

Farm Real Estate Value

Minuses:

Pressure on current net income
Prices received - stability

Prices paid - upward

General Price stability critical to long-run welfare.
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