Adam Smith: Wealth Inequality Prevents More Damage

Dwight Eisenhower (1954): Letter to Edgar Newton Eisenhower: "You say that the foreign policy of the two Administrations is the same.... It is well for us to have friends... to encourage them to oppose communism... to promote trade... and to attempt the promotion of peace in the world, negotiating from a position... strength.... The party... in power... must perforce follow a program that is related to these general purposes and aspirations. But the great difference is in how it is done and, particularly, in the results achieved. A year ago last January we were in imminent danger of losing Iran, and sixty percent of the known oil reserves of the world.  You may have forgotten this. Lots of people have. But there has been no greater threat that has in recent years overhung the free world. That threat has been largely, if not totally, removed. I could name at least a half dozen other spots of the same character. This being true, how can anyone be so unaware of what is happening as to say that this Administration has conducted foreign affairs under the same policies as did the former Administration?...

#noted #2019-11-24