Philip Leatherwood, Lecturer

Kazakhstan Institute of Management, Economics, and Strategic Planning

3 May, 2001

The Situation:

• Unemployment
• Inflation
• Inflation Expectations
• Trade Deficit

The Plan:

• Tax relief for: new investment, personal income, automobiles
• Government Spending Cuts
• Wage-Price Freeze
• 10 % Import Tariff
• Free Exchange Rates

Questions:

1. At the end of his speech, Nixon claims "Our best days lie ahead." What do you think might lie ahead? Explain.
2. What policies would you have recommended?Ho