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Mondav, Mav 4. 1987 / University Daily Kansan
Continued from p. 1
Anaell
share of the international market through some form of protectionism, Angell said. Dollar depreciation is a form of protectionism, but it will not result in any fast improvement in the United States' trade balance.
"Devaluation of the dollar is a banana-republic solution that doesn't work at all," he said.
Angell said the United States could win back lost markets by a slow reduction in the exchange rate of the dollar.
Angell also warned about the use of subsidies as an economic tool.
European countries, he said, subsidize agriculture a lot more than the United States does. Also, when their aircraft and automobile industries don't work well, the governments offer thousands of dollars to revive those industries but taxation in Europe is much higher than in the United States.
"You can't subsidize without creat ing a tax burden." he said.
Agricultural competition based on farm subsidies will cost Europe more than it will the United States, Angell said. Europe has five times as many
Wayne Angell
farmers for every non-farmer as the United States, Angell said.
"If the world wants to play 'Let's subsidize agriculture, guess who will win.'"
The current - and lower - dollar exchange value will give Kansas farmers a competitive advantage, Angell said.
"There's a lot of new prosperity out there for farmers," he said. The net
cash farm income for 1986 in the United States was a record $49 billion. Angel predicted that the net increase in farm income for 1987 would exceed that record.
That improvement has occurred because farming expenses went down 7 percent from 1985 to 1986, he said.
"Our farms are leaner and meaner than any in the world," he said.
Kansas is part of a global economy that is in significant transition, Angell said. "We now have gone through a cycle of disillusion and despair, a cycle of pricing ourselves out of world markets."
And the world has gone through a period of inflation, which is strictly the result of economic mismanagement, Angell said. The priority of the federal reserve system now is to reduce the power of the dollar is maintained.
Angell was optimistic about the United States' economic future.
"Our real exports in the U.S. are now growing at a 15 percent rate. I believe that will grow into the future," he said.
WEATHER
From the KU Weather Service
On Campus
A composition and literature con-
ferencetion all day today at the
Kangas Union.
Master classes by Claude Frank,
pianist, are scheduled at 9:30 a.m.
today at Swarthout Recital Hall in
Murphy Hall.
Quarterback Club with Coach Bob Valesente is scheduled at noon today in the Summerfield Room in the Adams Alumni Center.
■ "Writing a Research Paper," a workshop by the Student Assistance Center, is scheduled at 3:30 p.m. today in 4021 Woolce Hall.
- Recreation Services volleyball managers meeting is scheduled at 6:30 p.m. today at the north gymnasium in Robinson Center
- Recreation Services indoor soccer managers meetings is scheduled at 7 p.m. today in 202 Robinson Center.
- The American Diabetes Foundation benefit is scheduled at 7:30 p.m. today in the Kansas Union Ballroom.
- Society for Fantasy and Science Fiction is scheduled at 8 p.m. today in the Walnut Room in the Kansas Union.
For the facts call your local Red Cross, or write:
AIDS American Red Cross Washington, DC 20006 American Red Cross 843-3550
842-1212
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Be a
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For more information; applications; contact Linda Monson, 126 Strong Hall Deadline: Wed. Oct 14,1987
--professional relationships with both Mr. and Ms. Right. What we offer in return is a unique career that may well be the answer to your personal desires.
October 13, Dyche Auditorium
A Film Presentation Of
MISHIMA October 13. Dyche Auditorium
7:30 p.m.
This movie is a magnificently illustrated biography and an intimate portrait of one of Japan's most compelling writers.
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The National Security Agency is looking. We're in search of new
What we offer is certainly different. At NSA, our threefold mission is critical to our country's security. We process foreign intelligence information. We safeguard our government's communications. And we secure our nation's computer systems. A mission of that proportion requires a diverse range of leading technology and talented professionals.
Currently, NSA is searching for Mathematicians. Computer Scientists, Language Engineers.
Our Mathematicians work with applied and pure math. They apply—and create—a host of advanced concepts from Galois theory and onto probability theory and astrodynamics.
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If you're in search of a meaningful career with variety and distinction, look to NSA. Schedule an interview through your College Emerging Office. Or write to us at the address below.
NSA will be on campus Nov. 11th interviewing graduating seniors for Computer Science, Math and Language positions, and Nov. 12th engineering and Computer Science positions.
National Security Agency
Attn: M322 (ABE)
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U.S. citizenship required for applicant and immediate family members.
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