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<br />-13- <br /> <br />. , , "INDEED, ONE HAS ONLY TO STUDY THE <br />PRESENT TO LEAR[~ THAT DIFFERENT ASPECTS OF ECOiwr.lI C <br />. . ANALYSIS CAN LEAD TO DIAMETRICALLY OPPOSED POLICY <br />.. REC01'11'1ENDATIONS, " <br /> <br />FOR FURTHER PERSPECTIVE ABOUT ECONOMICS AND DECISION- <br />MAKING INSIDE THE FEDERAL GOVERNMENT, MR. MAYO SAID: <br /> <br />.. <br /> <br />"t10REOVER, AND HERE I SPEAK AS At1 ECONot1IST <br />RATHER THAN AS BUDGET DIRECTOR, ECONOf'HSTS PER SE <br />HAVE NO SPECIAL COMPETENCE TO MAKE THE POLITICAL <br />POLICY DECISIOl~S INHERENT IN ESTABLISHING OUR <br />NATIONAL PRIORITIES AND POLICIES," <br /> <br />THUS, A TOP ECONOMIST, THE FORMER DIRECTOR OF THE BUDGET, <br />ESTABLISHED PURPOSES OF THE BUDGET LIKE THOSE THAT YOU PEOPLE IN <br />RESOURCE DEVELOPi'lENT ARE USED TO CONSIDERING -- STABILIZATION, <br />HIGH EMPLOYMENT, HEALTHY GROWTH, RESOURCE ALLOCATION. HE THEN <br />SPECIFICALLY DOWNGRADED ECONOMIC THEORY AS PRIME DETERMINANT OF <br />BUDGET DECISIONS, <br /> <br />AS WE ALL KNOW, THE RATE OF INTEREST INFLUENCES THE COSTS <br />UNTIL THE PROJECT IS FULLY Af.10RTIZED, SO, I REi~IND YOU, THE RATE <br />OF INTEREST INFLUENCES THE BENEFITS. . THIS IS BECAUSE THE BENEFIT- <br />COST RATIO IS A RATIO OF AVERAGE ANNUAL BENEFITS TO AVERAGE ANrWAL <br />