Date of Original Version

9-1974

Type

Response or Comment

Abstract or Description

Mention the subject of financial reform and the conversation turns to housing. Open discussion of the allocation of credit, and the subject of mortgages dominates all others. Suggest that monetary policy be used to reduce inflation gradually, and the survival of thrift institutions is brought into question.

Comments

Prepared for the Subcommittee on Financial Institutions, Senate Committee on Banking, Housing and Urban Affairs September 11, 1974

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