John Maynard Keynes (1926): From "The End of Laissez-Faire": Weekend Reading
May 24, 2019: Weekly Forecasting Update

Dwight D. Eisenhower (1954): Letter to Edgar Newton Eisenhower: Weekend Reading

Dwight D. Eisenhower (1954): Letter to Edgar Newton Eisenhower: "The Federal government cannot avoid or escape responsibilities which the mass of the people firmly believe should be undertaken by it. The political processes of our country are such that if a rule of reason is not applied in this effort, we will lose everything–even to a possible and drastic change in the Constitution. This is what I mean by my constant insistence upon “moderation” in government. Should any political party attempt to abolish social security, unemployment insurance, and eliminate labor laws and farm programs, you would not hear of that party again in our political history. There is a tiny splinter group, of course, that believes you can do these things. Among them are H. L. Hunt (you possibly know his background), a few other Texas oil millionaires, and an occasional politician or business man from other areas. Their number is negligible and they are stupid...


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