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Show The Enterprise Review, June 16, 1976 Page 4b Carlson Critical of Congress IFd sjpeedl eontidl relliidbiiOiifly, semd Sfleraeiirfl iittfl Title Insurance and Escrows Stewart Title Guaranty Company of Houston, Underwriters Harlan. Y. Hammond, President Virginia Godfrey, Closing Officer 330 Broadway Plaza 250 East Third South Salt Lake City, Utah 841 11 Telephone 355-478- 3 Resumption of price, wage and rent controls would be the worst policy the government could undertake, said Jack Carlson, former assistant secretary of Interior. For, he fears, the next time around, they wouldnt be withdrawn. Speaking at a conference of the Bankers Administration Institute June 8, at the Salt Lake Hilton, Carlson said shortages are better handled in the market place rather than by the arbitrary actions of governments. Jack Carlson addressed a conference of the Bankers Administration Institute saying price, wage, and rent controls are the worse thing the government could do. Our economy has been strained, Carlson said, and it is an economy or shorts. This is due, he believes, to the policies of guns and butter of the Vietnam war, environ- industry, and drove unemployment up to nine percent, Carlson explained.-Since then, he said, Con- gress has made the country more dependent on oil mental overreaction, and imports. He cited oil imports of 34 percent in 1970, while wage and price controls. These policies, according more recently they have been to Carlson, led to capital running at 45 to 50 percent, investment in. pollution abate- and last month rose to over 50 ment equipment at much too percent. Should this continue, high a rate and not allowing price flexibility for plant ex- Carlson said, unemployment pansion and expenditures for will be up to nine percent again. equipment. Our economy is boomFollowing this, said Carlson, was the oil embargo ing now, but it lacks self of 1973, which was the worst control, because of Congress blow dealt to our economy. irresponsible deficit spendResults of these actions ing, said Carlson. Arthur Burns, chairman severely hampered the steel of the Federal Reserve Board, industry, hurt the already sliding housing industry, took is beginning to raise interest $15-2- 0 billion out of the auto Continued on Page 5b OUR KNOWS IN YOUR We know how to get your sales prospects every week for new profitable leads. Try the newspaper that knows your needs. DftrnERrcouftiaiN JERClAL f&CORd EXCHANGE CLUB and Restaurant 952 West 1 500 South Salt Lake City, Utah 84 1 08 Telephone 484-449- 5 1 r FREE SAMPLE ORDER 1 INTERMOUNTAIN COMMERCIAL RECORD 1952 West 1500 South Salt Lake City, Utah 84104 Phone: 484-449- 5 Gentlemen: Please send a sample copy of the INTERMOUNTAIN COMMERCIAL RECORD. Firm Name i New and Unique Your Name Sen-inSail Lake City 's Personally Supervised by Fine Dining Weekdays: Dinner served Sunday: Brunch Luncheon: Leave Sail Lake City for the evening .Title i -- Address City. Date. State -- . . Zip Phone ER75 , - such is the Exchange Club atmosphere. The Exchange Club 39 Exchange Place 1 Salt Lake City Private club members only memberships available. 532-410- |