America Beyond 2001 | From Cold War to American Renaissance

1. Economic prosperity—affluence, low interest rates, low inflation rate—will continue through the foreseeable future. • There may be minor recessions during the 1990s, but they will only be perturbations. Our long-range forecast for the economy is good: Through the year 2000, the U.S. economy should be the best in the world.

• [Federal Reserve Board] monetary policies instituted by chairman Paul Volker and continued by his successor, Alan Greenspan, will keep interest and inflation rates in check. Housing starts will continue to grow, and building construction...

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