Word: half-truth
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INFLATION. Friedman challenges the popular theory that full employment and price stability are incompatible. "The belief, like most of those propositions that get widely accepted, is a half-truth," he argues. The two goals conflict over brief periods when an economy is shifting from one rate of inflation to another, he concedes. But over any period of five, ten or 20 years, says Friedman, fast economic growth and full employment can be meshed with stable prices...
...Kennedy for President club. He can be morose or merry, expansive or petty, merciless or magnanimous?all to an extreme degree. Says Lawrence O'Brien: "The pendulum just swings wider for him than it does for most people." For every Machiavellian maneuver there is a graceful gesture; for every half-truth or hyperbole there is a disarming pinch of self-depreciation: "You see what sacrifices I am willing to make to be President? I cut my hair...
...CRIMSON also alleges that a patent in the public domain will be profitless. This is a half-truth, and very misleading. There are two stages in the economic progress of an invention. To say that a firm will not produce the invention profitably without a patent is absurd, it is the equivalent of saying that Grand Union will never build another store because A. & P. will build one across the street. It is likely that a patent in the public domain will speed up the time lag between invention and widespread use, by rewarding the firm that produces the product...
...methods of control, suppression, denunciation and excommunication, Thorman points out that such a tactic cannot be applied to Catholic intellectuals who no longer fear authority. Yet church leaders fear that total freedom to question and doubt is to open Catholicism's doors to a plague of heresy and half-truth. It is a dilemma that seriously concerns Pope Paul VI, who in recent speeches has repeatedly urged the faithful to be loyal to ecclesiastical authority...
...excess. The rest of Elliott Baker's screenplay, adapted from his own 1964 novel and filmed with careful fidelity on the seedy side of Manhattan, is a fitfully funny satire based on a portrait of the artist as the natural enemy of all Establishment norms. This voguish half-truth worked well enough in book form, where nearly every character was a well-managed mass of lunatic impulses. In the movie, everyone seems to be racing against the threat of imminent condensation. Director Kershner pounces upon an idea without developing it, and his commendable desire to do a different sort...