Word: galbraith
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Dates: during 1960-1969
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When it comes to exhorting his fellow citizens to do something for their country, no problem is too small for President John F. Kennedy. Upon hearing that Peter Galbraith, 10, son of Ambassador to India John Kenneth Galbraith, was reluctant to leave Cambridge for New Delhi, Kennedy ripped off a letter recalling his own family's uprooting after his father took over the London embassy. Informed that Peter was an animal lover, the President pointed out India's "fascinating possibilities (although I gather that cobras have to be handled professionally)," encouraged the lad to think of himself...
...arrogance of John Kenneth Galbraith! Apparently he feels that the American people are capable of earning the national income, but incapable of intelligently spending what they earn. One wonders if the no-fins-no-foibles Mr. Galbraith takes issue with Mother Nature for creating wasteful flowers instead of plain, public-sector grass...
Kennedy nominees bound for New Frontier outposts as ambassadors: India: John Kenneth Galbraith, 52, Harvard economics professor, veteran Kennedy brain-truster, author of The Affluent Society. A big-picture thinker of considerable stature (6 ft. 8 in.), Galbraith has, since the inauguration, been making himself useful in Washington as a word man, supplying Kennedy speeches and other New Frontier documents with what he describes as "touches of the cosmetic or the cosmic." Ceylon: Frances Elizabeth Willis. 60, currently Ambassador to Norway. Stanford Ph.D. ('23) Frances Willis was the Foreign Service's first career woman to become an ambassador...
Heller may advocate lowering the top income tax rate from 91% to 60%, raising the interest-rate ceiling on long-term bonds, and may feel that wage increases can be economically harmful, and still call himself a pragmatist. Galbraith can call for sales taxes and call himself a pragmatist...
...answers to "How goes the recession?" the most reliable is the one by Professor Galbraith, who is not reluctant to admit that nobody "knows what is going to happen." All the others are based on "hope of a turnabout" as indicated by Stanley Ruttenberg. Economists have still not acquired an understanding of the functioning and faults of our economy...