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Engineering the U.S. and Global Economies for Failure When Success is an Option
| Period | Policy Paradigm | Unemployment, and/or Inflation, Interest Rates, Poverty, Racial and Income Inequality | Annual Change Real GDP (%) |
Productivity A.R. Change | Predicted Budget (Ex.1941-1945) |
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PANEL A. Planned with Scientists' Global Prescription for Success* |
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| 1921-29 | Science** | Each Reduced | +3.6% | +2.6% | Surplus |
| 1941-56 | " | (see above) | +3.7 | +3.7 | Surplus |
| 1961-65.2Q | " | " | +4.7 | +4.0 | FY65 " |
| 1975.2Q-76.2 | " | " | +5.7 | +4.7 | Def.Cut +50% |
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PANEL B. Planned with Keynesian Economics: Prescription for Failure** |
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| 1930-40 | Economic | Each Increased | +1.1 | +2.0 | Deficit |
| 1957-60 | Theory*** | (see above) | +1.9 | +2.7 | Deficit |
| 1965.3Q-75.1Q | " | " | +2.5 | +1.8 | Deficit |
| 1976.3Q-85 | " | " | +2.7 | +1.2 | Deficit |
| 1986-98 | " | " | +2.6 | +0.9 | Deficit |
*Science: The Prescription for Success: The premise is that the primary cause of economic problems is poverty and unemployment rates that are too high and both are reduced to increase productivity and eliminate inflation.
** Economic Theory: The Prescription for Failure: The premise is that the primary cause of economic problems is unemployment and poverty rates that are too low and causes inflation. The remedy is to increase unemployment and poverty. According to economic theory inflation is reduced which increases productivity and ultimately reduces poverty. In fact, the remedy reduces productivity, increases inflation and therefore increases both unemployment and poverty. (Burress, 1975).
Source: US Department of Commerce
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