Solutions to Economic Woes in American Ideals
The prescription for the United States economy in the Opinion page article "Needed: a Serious US Economic Strategy," June 4, raises two concerns. First, the authors' we-know-better-than-the-market claim that $1,000 worth of potato chips is worth less than $1,000 of computer chips recalls the arbitrary resource-allocation decisions that ultimately brought down the socialist economies. Second, their insistence that the US adopt the tools and tactics of its international competitors ignores the unique stren gths that first made the US an industrial and technological leader.
The US economy has suffered setbacks in recent years, in part due to poor government policy. However, a cursory review of US history reveals such economic setbacks have been common occurrences, in each case overcome by adherence to the American ideals of free enterprise and hard work. Now is the not the time to lose faith in these ideals. Eric J. Klieber, Cleveland Heights, Ohio
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