o affect from 1933 through 1938. At the time regulations seemed to have been helping. The economy continued to grow and was doing better than it ever had been. The system was able to control price and entry competition in the nations key industries. From 1930 through the sixties the economy was booming. There were low inflation rates that averaged 3.8 percent over that period of thirty years. The interest rates were also low at two percent over a period of three months. Bank failures were virtually non-existent, oil and gas supplies were readily available. The price of gas even had a slight decline in the sixties.
             As the sixties came to an end the growth had stopped and problems in the economy started to occur once again. The budget deficits in 1968 went from eight billion dollars to twenty five billion dollars, and continued to rise as it exceeded over 200 billion dollars by 1983. The growth in labor productivity from 1948 to 1968 was about 3.3 percent and from 1968 to 1983 declined to as low as 1.2 percent. In 1974 the banking failure rate had skyrocketed from past success. The Airlines were losing money even though th
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