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Several letters to the editor are presented in response to articles published in previous issues, including "The tax bill shoots for third best," on the June 4, 1984 issue, "It may be too late for Reagan to rein in Volcker," by Paul Craig Roberts on the May 28, 1984 issue and "K mart: The no. 2 retailer starts to make an upscale move-at last," on the June 4, 1984 issue.

Presents the author's moderately conservative views on the tax reform debate in the U.S. Judgments on proposed tax reform items on the basis of what he thinks is best for the country, for equity and the economy; Pros and cons of proposed tax reform measures; Implications on taxation and fiscal policy.

Contends that the policy of general and totally impersonal stimulation of aggregate demand through fiscal and monetary policy has been the big weapon against human misery in the U.S. and its economy. Main facts about the U.S. economy; Examples of social problems in the country;.

Focuses on unemployment fallacies in the U.S. Impact of automation on the conditions of production and employment in the society; Disappearance of jobs for the unskilled labor; Contention that unemployment in the United States will steadily decline over the years ahead; Proposition to expand total demand and to maintain it when it reaches an adequate level; Need of tax cuts for the expansion; Statement that the influx of German refugees seeking work has increased; Claim that automation has not made radical increase in productivity; Growth of the labor force because of the teenage explosion.

Highlights the illusion and reality behind the unity of Europe. Viability of forming a Common Market in Europe; Uproar resulting from the veto of British entry into the Common Market; Justification of the veto; Foreign policies of conflicting nature harbored by the European countries; Conflict of national interest among the European nations; Need to remove the obstacles in the path of an European unity.

Details the taxation proposals of U.S. President Richard Nixon to the U.S. Congress. Discussion on the political and economic reform plans of the Nixon administration; Goals of the Nixon administration; Defects of the tax plans; Explanation on taxation of capital gains; Difference of the plans with that of the proposals of the administration of former President John F. Kennedy.

Presents letters to the editor referencing several articles and topics published in previous issues. Comment on the article "In the Vulgate," published in the January 25 issue; Report that the American Association of University Professors painstakingly conducts an investigation that will undoubtedly confer censure on Saint John's University; Reference to the article "Beauty and the Beatniks," published in the January 11 issue; Statement that no Russians below the age of 18 may attend Church; Opinion that tax reduction should have priority, rather than be regarded as a residual device.

Several letters to the editor are presented in response to articles published in previous issues, including "Star Wars divides a campus" on the March 10, 1986 issue, "Insurers must take part of the rap" on the March 10, 1986 issue and "The club that every stock yearns to join" on the March 17, 1986 issue.

This article focuses on United States' expectations of underdeveloped countries that receive U.S. aid and trade with the U.S.. The U.S. is starting to realize the "threat" of the "Soviet economic offensive." The U.S. seems to be insulting the deepest sensibilities of the people and governments of the underdeveloped countries when it talks as if a trade or aid deal with a Communist country is going to subvert them to Communism. The latest jag is over shipments of Czech arms to the new nation of Guinea; what an absurdity to assume that this means Guinea, having just tasted the heady wine of independence, is about to become foreign dominated again! The fact is, it needed some arms and could get them quicker and with less red tape from the Soviet bloc.

The article focuses on the issue of Cold War between Soviet Union and the United States. The problem for the free world posed by the extraordinarily rapid rate of economic growth in the Soviet Union. Cold War is likely to be lost by the West the Soviets continue to demonstrate a capacity for rapid economic growth than the free world. The United States has now, and will increasingly have as each year goes by, all of the economic power it could possibly use to create all the deterrent military power it could possibly need. It makes not the slightest difference if a nation has 120 million tons of steel capacity or 150 million tons if it takes only 5 million tons to produce the necessary military weaponry.

Applauds economist Walter Heller for his proposal of automatically providing a portion of federal income tax collections to U.S. states. Formula proposed for the portion of personal income tax collections that would be set aside; Estimated effect of distributing tax collections based on population; Link among tax cuts, economic growth and balanced budget; Argument supporting prevention of possible fiscal crisis by the device of an automatic turn back of funds to the states; Refutation of the view that much could be accomplished in the public sector with the expansion of federal grants-in-aid to the states.

Points out that the unresolved farm price subsidy and other agricultural issues affecting farmers would inevitably hinder the success of trade between the U.S. and the European Common Market. Suggestion that Great Britain would not participate in the European Common Market because of the unresolved issues; Speculation that farmers influenced their countries to break their obligations in General Agreement on Tariffs and Trade; Criticism against taking away benefits already provided to farmers in a welfare state.

Compares the economic success of Western European countries with the state of the U.S. economy as of 1962. Measures of European success; Importance of exports to the balance of payments; Effect of full employment on investments.

Examines the problem of unemployment in the U.S. Unawareness among liberals of the staggering importance of high demand in getting done what has to be done in the economy; Criticism of the economic policies of former President Dwight D. Eisenhower; Assessment of the economic growth records in Western Europe and North America; Reason behind the slow economic growth in the country; Effects of the restricted budgets.

Focuses on the trade policy of U.S. President John F. Kennedy. Shipment of American imports to Europe; Implementation of Common Market tariff; Application of reciprocal trade law as a bargaining weapon; Threat of the European Common Market to American exports to Europe; Tariff on cotton and steel scrap; Process of investments following exports; Limits on the ability of the U.S. to bargain on tariffs; Provisions of the proposed Reciprocal Trade Act.

Forecasts an impending crisis of the international exchange caused by depleting U.S. dollar and British pound currency reserves in 1961. Claim that the collapse of the international exchange would result to another depression; Suggestion that the vulnerability of the system depends on U.S. and British currencies; Effect of the devaluation of the pound and dollar on world trade; Refutation of the decision of finance ministers and central bankers of Europe and North America not to reform the system.

Argues against demand-led economic growth achievable by increased government spending and taxation as in the case of Western European countries. Percentage of taxes and government spending in West Germany's gross national products(GNP); Comparison of GNP of other European countries; Inflationary nature of high government spending.

Focuses on the current economic conditions in the U.S. Information on the U.S. balance of payments deficit; Reduction in military expenditures by U.S. President Dwight D. Eisenhower's administration; Impact of short-term banking funds and stock market funds on the U.S. economy during the past years; Comparison of standards of living and employment in Europe and the U.S.

Analyzes the benefits of the tax reform which emerged from the administration of former U.S. President Lyndon B. Johnson. Number of wealthy taxpayers escaping taxes; Concept of the minimum tax; Number of taxpayers who will be affected by the minimum tax; Advantage of the tax reform for President Richard Nixon.

Presents information on the factors influencing the rising rate of inflation in the U.S. Insufficiency of the federal budgets; Increase in the prices of commodities; Budget appropriated for the U.S. war against Vietnam; Reason for rising rate of inflation in the U.S.; Report that the federal deficit soared to $9 billion, instead of the balanced budget estimated by the U.S. President; Fact that the delay by Congress in raising taxes in 1967-68 contributed to the mammoth $25 billion deficit in that year.

Speculates on the possible consequences of Democratic candidate Hubert Humphrey winning the presidential race and the Republicans gaining the majority of the seats in the U.S. Congress in 1968. Prediction on the chances of local Republican candidates in the elections; Concerns regarding an extension for the country's tax surcharge and the policy of the U.S. towards Vietnam should Humphrey be elected president; Proposed ways of dealing with the political division between the president and the U.S. Congress.

Discusses the threat posed by the decision of U.S. President Lyndon B. Johnson to deploy additional military troops in Vietnam to the international monetary system as of 1968. Importance of the monetary system to the economic stability of the country; Challenges to the system; Impact of the decision of the president on the payments deficits of the country.

Speculates on the decision of U.S. President Lyndon Johnson about the Trade Expansion Act of 1962, also known as the Kennedy Round, which is set to expire on June 30, 1967. Background on the provisions of the law regarding the imposition of tariffs on trade between the U.S. and Europe; Limitations in the benefits gained from the law; Comparison between the tariff offerings of the U.S. and the European Common Market; Alternatives facing Johnson should the Common Market improve its offer.

Presents letters to the editor on political issues around the world, published in this issue of the periodical. Discussion of various changes that have taken place in the Soviet Union since the death of communist leader Joseph Stalin; Information on the role of primaries in American politics; Reference to an article on the demise of intellectual basis of American liberalism; Details of the campaign of statesman Harry S. Truman.

Focuses on political issues in the U.S. with emphasis on the political campaigns of presidential candidate Dwight D. Eisenhower in the U.S. Comment by journalist Walter Lippmann on the technique used by Eisenhower during his campaign; Re-examination of Eisenhower's pledges; Prediction on Eisenhower's likely actions in the conservative GOP-Dixiecrat Congress; Organization of anti-American campaign by the Communists.

Presents letters to the editor referencing articles published in different issues. Discussion of the defeat of the Democratic Party in elections; Comment on an article published in the November 17, 1952 issue; Statement that political loyalty is a requirement and certain principles cannot be compromised; Acknowledgement to the article "The Tragedy of Eisenhower," published in the November 3, 1952 issue; Appreciation of the supplement of the journal; Criticism of the article on chlorophyll published in the November 10, 1952; Information on the speech of Eisenhower on the New Deal; Afterthoughts on the election in the U.S.

Presents suggestions for the rapid economic growth in the U.S. Role of farmers in hampering the productivity; Sacrifice of economic security for the growth; Implications of growth in labor force on the economic growth.