Word: holdings
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Dates: during 1960-1969
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...advisers and his accent on unconventional Special Forces. He advised the late South Vietnamese President Ngo Dinh Diem to undertake a program of protected "strategic hamlets," but the program flopped when Diem moved too quickly, ignoring Thompson's warning to make certain that his troops could hold each area. In No Exit from Viet Nam, written after the enemy's 1968 Tet offensive, Thompson indicts President Johnson's excessive buildup and General William Westmoreland's use of unwieldy units to carry out unproductive "search and destroy" missions. Thompson warmly endorses the more limited "spoiler" tactics devised...
...eighth decade of the 20th century is drawing near; yet many of the men who hold the levers of congressional power in Washington were born before the century began. In a recent address to the National Press Club, former Secretary of Health, Education and Welfare John Gardner noted that since 1958, by act of Congress, the chief judges of federal district and circuit courts have been required to give up all administrative duties at age 70. Gardner suggested that Congress itself ought to follow suit...
Several hundred million peasants will rise like a mighty storm, a force so swift and violent that no power, however great, will be able to hold it back...
...Friedman's monetarist view of economics, the chief instrument for controlling movements of the economy is the seven-man Federal Reserve Board. For months, the board has been following a tight-money policy of unusual severity. A year ago, it began to hold back the growth of the money supply; since midyear, it has permitted no growth at all. Ironically, Friedman's principal complaint is that the Federal Reserve is overdoing the restraints in its effort to cure inflation. "If the board continues to keep the growth of money at zero for another two months, I find it hard...
...economists made the same error for decades afterward?and indeed, that many still do today. In reality, Friedman argues, the Federal Reserve in the 1930s had ample power to prevent the monetary contraction. "Had the facts been as Keynes assumed them to be," Friedman has written, "I could not hold the views I do about the role of money. Had Keynes recognized that the facts were what they were, he would have had to modify his views...