? Wrought?" Gerald Epstein, in Challenge (~u~.1986),
80 ~usiness Park Dr., ~rmonk,
N.Y. 10504.
The news about the U.S. economy, as Reagan administration spokesmen
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observe, has been pretty good. The inflation rate, which hit 13.3 percent during the Carter years, averaged only 1.8 percent during 1986. Economic expansion continues. Polls find Americans confident of the future.
But Epstein, an economist at the New School for Social Research, is unimpressed. A broad look at the Reagan record,...