at a time when a further cut of farm income would be unwise. For Dr. Colm, the inadequate treatment of tax policy, the failure to consider the alternative sequels to an inventory decline (an interruption to a continued rise? a sideways movement after the decline? a further drop?) and finally the absence of any discussion of policy should the cold war become hotter these inadequacies are troublesome. Professor Bronfenbrenner wants a more adequate treatment of both growth and the international aspects of the problems. For Professor Hansen, the crucial weakness of the Report lies in the failure to deal with structural deficiencies related to a decline in government contribution and private investment. He contends that a revision of fiscal policy is required if GNP is to be maintained and to grow proportionately with the rise of productivity and numbers in the labor market. In the absence of a modified fiscal policy, the country's losses will be in the tens of billions of dollars. May I end by commending the excellent job done by the Joint Committee and its able staff, headed by Grover Ensley? The Chairman selected witnesses fairly, giving each vested interest fair representation and at the same time eliciting the cooperation of the best professional economists. Their seminars would have done credit to any university, with the discussion at a high level. There was no browbeating of witnesses: the purpose was to obtain the best assessments of the situation and the most practical proposals for therapy. In the Committee's Report, there was substantial agreement of members of both parties (the main areas of disagreement were some aspects of tax and investment policies); and more incisive and improved treatment (in the view of this writer) than in the Council Report on many points (e.g., public investment, a declaration to assure our friends abroad concerning anti-depression policy, agricultural policy, the adequacy of resources for a sound military policy). In view of the deterioration of Committee procedures on Capitol Hill, the Joint Congressional Committee deserves the approbation of all as a model committee. All the more to be regretted is the failure of other committees always to pay the attention that these recommendations deserve. It should be added, however, that the recommendations of the Joint Committee this year seem to have had considerable influence.