How to Make It Credible to the Public That You Are Really Going to Stick to a Policy?

Hipman: How do you make it credible to the public that you are really going to stick to a policy? Four times we've tried it, and four times we've stop waty. And wy we ass all to doit. I would concede that psychology plays a great perhaps even the major part. But i do believe that if you have private vings stimulated by your tax system, rather than discouraged byyour tax system,. You can finance some of that public debt by private savingsrather than by inflation. The result will be to ease to some degree, the pain of that heavy unemployment that you seem to suggest as the only only way to deal with the problem.