Word: ifs
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Dates: during 1970-1979
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The Big Man who wasn't there at the Camp David hair-down sessions, let alone when the Cabinet-level jobs were handed out, was America's premier banker, Walter Wriston. His absence was unsurprising if unfortunate because, along with being the most innovative of moneymen, the Citicorp...
The solution, Wriston argues, would be to grant the President and a panel of four or five wise people the absolute authority to suspend all restrictions in order to permit the construction of five to ten huge energy projects. "By limiting the number of projects, we would limit damage to...
To a large group of editors, Wriston has criticized the press because "it often remains silent, or sometimes greets with approval the steady infringement of any right that does not involve free speech. One of the great unreported stories of the past 30 years is the steady erosion of individual...
Wriston's argument overlooks that, rightly or wrongly, many Americans believe that the free market no longer is really free, that in fact it is manipulated not only by Government but also by large private corporations. Also, he ignores that in the battle against inflation, people seem quite willing...
Even such a fractional rise will irritate inflation-squeezed Americans. Nonetheless, higher exports of U.S. farm products are the best hope for reducing the nation's trade deficit, which is caused largely by oil imports. Since America's appetite for foreign oil will remain intense, it is necessary...