Word: baruch
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Another American troubled by the political and official inflation of U.S. economy spoke up on the subject last week. Said Elder Statesman Bernard Baruch: "Inflation has been legalized by the Government itself." Between now and November, it will not be easy for the Democrats to place the blame for that legalization on anyone but themselves...
...good showing was made by the generals, e.g., Clay, Hershey and Bradley, but this year Old Favorite George C. Marshall, in retirement on his farm in Leesburg, Va., was notable by his absence. Alltime Champion Herbert Hoover added only one more to his stock of 74 degrees. But Bernard Baruch ("I've given up receiving awards in public. I don't know how many I have") got none at all, and last year's top man, Ralph Bunche, dropped from 13 to one. About the most successful degree gatherers of 1952: Robert A. Lovett and John Foster...
Calculated or Unwarranted? Among Baruch's recommendations for a safer, swifter mobilization...
...Witness Baruch was ready to agree that the rearmament program must guard against "obsolescence" and strive constantly to improve weapons. But concern with this factor-the bird in the bush-seemed to him to be blotting out the need for the U.S. to build up an overwhelming stockpile of guns and ammunition. Such an arsenal, if occasion arose, could supply peoples everywhere on the long Russian border, help pin down the Soviet armies, contribute decisively to the chances for peace...
...highest military authorities," said Baruch, "have stated . . . that from now through 1954 will be the period of maximum peril . . . Yet we deliberately are doing less than we can to achieve readiness by that date. Nowhere have I seen any justifiable reason offered for such recklessness...