Word: sectored
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Regardless of party affiliation or prominence, government waste and fraud is constantly in the public eye, hounded and exposed by a well armed array of waste-watchers from Ralph Nader to Jack Anderson to vindictive congressional committees. The public sector is available and accountable to a scruitinizing, sensitive, cost-conscious public. But what of the red tape and bureaucratic mismanagement in the private sector, as rampant if less detectable than public fraud? Who blows the whistle on individual, private rip-offs of the unwary customer...
Unfortunately, policing fraud and waste in the private sector lags far behind its more accessible public cousin, and the many inroads into it today just attack the tip of the iceberg. It is a rare occurence when private companies or corporations are hauled into court. Exceptions like Lockheed and AT&T of several years back cheer the little consumer but remain rarities...
Reagan presented a "distorted picture" of the economy in order to "use the present emergency situation as a way of cutting back the public sector," Musgrave added...
...talked one night in troubled fashion of how the Government's attitude had changed since he put in his first tour of federal service in 1940 as F.D.R.'s Latin American aide. Back then, Government people considered themselves partners, friends, helpers of the private sector, Rockefeller related. They were often hesitant about intruding, deferential to the citizenry. But in our time, Rockefeller said, many departments, agencies and bureaucracies seemed to view the private sector as an enemy, a foe to be suspected, shadowed and finally subdued. It was all out of whack, said Rocky, and America faced...
...office, he decided to give the economy a boost with the monetarist methods espoused by Conservative Economist Milton Friedman. Begin gave Israelis, for the first time, the right to hold up to $3,000 in foreign currency. In his first budget, he increased spending in the already swollen public sector and, most damaging of all, provided greatly expanded credit to exporters. Israelis went on a buying spree, gleefully snapping up imported luxury items with their newly acquired dollars. The result: an inflation rate that was already an ominous 39% when Begin took office shot up to a rate that...