Political Economy and Constitutional Reform Hearings
POLITICAL ECONOMY AND CONSTITUTIONAL REFORM HEARINGS BEFORE THE JOINT ECONOMIC COMMITTEE CONGRESS OF TUE UNITED STATES NINETY-SEVENTH CONGRESS SECOND SESSION PART 1 NOVEMBER 9, 17, 18, AND DECEMBER 16, 1982 Printed for the use of the Joint Economic Committee U.S. GOVERNMENT PRINTING OFFICE 14-523 0 WASHINGTON: 1983 JOINT ECONOMIC COMMITTEE [Created pursuant to sec. 5(a) of Public Law 304, 79th Cong.] HOUSE OF REPRESENTATIVES SENATE HENRY S. REUSS, Wisconsin, Chairman ROGER W. JEPSEN, Iowa, Vice Chairman RICHARD BOLLING, Missouri WILLIAM V. ROTH, JR., Delaware LEE H. HAMILTON, Indiana JAMES ABDNOR, South Dakota GILLIS W. LONG, Louisiana STEVEN D. SYMMS, Idaho PARREN J. MITCHELL, Maryland PAULA HAWKINS, Florida AUGUSTUS F. HAWKINS, California MACK MATTINGLY, Georgia CLARENCE J. BROWN, Ohio LLOYD BENTSEN, Texas MARGARET M. HECKLER, Massachusetts WILLIAM PROXMIRE, Wisconsin JOHN H. ROUSSELOT, California EDWARD M. KENNEDY, Massachusetts CHALMERS P. WYLIE, Ohio PAUL S. SARBANES, Maryland JAMEs K. GALBRAIrH, Executive Director BRUCE R. BARTmrr, Deputy Director (H) FOREWORD By Hon. Henry S. Reuss, Chairman The Joint Economic Committee's hearings on Political Economy and Constitutional Reform, along with the papers and other mate- rial published in the Appendix, contain the observations and recommendations of some of the most thoughtful critics of the American political system today. During three days of hearings in November 1982, the Committee brought together more than a dozen academics, journalists, and former government officials and lawmakers to discuss how we could improve the performance of our political system, and the performance of our economy, by making changes in the structure of our government and, if necessary, in our Constitution.
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