National economic planning: Right or wrong for the US? — with Hubert Humphrey (1976) | ARCHIVES

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