Monday, Dec. 11, 1950
Half a Trillion?
Leon Keyserling, chairman of the President's Council of Economic Advisers, likes to dream big. A year ago, he thought the U.S. would soon have a gross national product of $300 billion. With that goal already in sight (TIME, Dec. 4), Keyserling last week started dreaming again. Said he: under the stimulus of war spending, the gross national product should rise to $500 billion by 1955.
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