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April 1, 1976: National Economic Planning: Right or Wrong for the U.S.? focuses on the controversial Humphrey-Hawkins bill, which represents an effort to achieve full employment and balanced economic growth through central economic planning and thereby raises important issues for the American economy. What is national economic planning? Should the federal government become the principal coordinating mechanism for many elements in the U.S. economy? Would national economic planning be useful in combating unemployment, recession, and stagflation? Or would it lead to an ever-growing bureaucracy and economic regimentation? Panelists: Hubert H. Humphrey — Senator (D-MN) Wassily Leontief — Cochairman of the private Initiative Committee for National Economic Planning Clarence J. Brown — Representative (R-OH) Herbert Stein — former Chairman of the President's Council of Economic Advisors Moderator: John Charles Daly Host: Peter Hackes In 1976, transcripts were available by mail for a small fee. Today, they're available to you for free at this link: https://bit.ly/39pyGDF Subscribe to AEI's YouTube Channel https://www.youtube.com/user/AEIVideo... Like us on Facebook / aeionline Follow us on Twitter / aei For more information http://www.aei.org Music credit: BY – "synthwave" by places https://bit.ly/2vfgy07 Music marked "BY" is used under Creative Commons Attribution License: https://creativecommons.org/licenses/... Third-party photos, graphics, and/or video clips in this video may have been cropped or reframed. Third-party photos, graphics, video clips, and/or music may have been edited in a way that does not alter the meaning of the third-party work(s). Music in this video may have been recut from its original arrangement and timing. In the event this video uses Creative Commons assets: If not noted in the description, titles for Creative Commons assets used in this video can be found at the link provided after each asset. The use of third-party photos, graphics, video clips, and/or music in this video does not constitute an endorsement from the artists and producers licensing those materials. AEI operates independently of any political party and does not take institutional positions on any issues. AEI scholars, fellows, and their guests frequently take positions on policy and other issues. When they do, they speak for themselves and not for AEI or its trustees or other scholars or employees. More information on AEI research integrity can be found here: http://www.aei.org/about/ #aei #news #politics #government #education #economy #budget