Correspondence on Fiscal Conservatism and Economic Concerns Between Clifford Bailey and Congressman James R. Jones in 1975, 1975-01-05

The letter from Clifford Bailey to Congressman James R. Jones expresses concern about the current economic situation, including inflation, recession, and rising social security withholding. Bailey advocates for a more realistic monetary policy, less governmental intervention in the economy, and a balanced budget or smaller deficit. He questions the need for tax increases to finance new programs and criticizes actions that prop up weak businesses at the expense of others. Bailey also discusses concerns about the housing and auto industries pricing themselves out of the market.