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Commentary (Anti-Inflation Dream) #29370

ABC Evening News for Tuesday, Nov 26, 1974
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(Studio) Howard K. Smith dreams of car manufacturer that lowered prices because union agrees to 10% wage cut and management gets 20% cut. It worked and no workers laid off. All other business followed suit and inflation and recession disappeared. Economics profs. who say it won't work probably right, though their reasons are incomprehensible.
REPORTER: Howard K. Smith

Reporter(s):
Smith, Howard K.
Duration:
00:01:40

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