Word: outs
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Dates: during 1950-1959
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Six-County Empire. Attorney General (later Governor) James Allred spotted Freshman Legislator Anderson as a promising young man, lifted him out of the legislature to serve as assistant attorney general. Moving along fast, Anderson became state tax commissioner at 24, head of the state unemployment commission at 26. In 1937...
High Navy brass found out the truth of a remark that former Treasury Secretary Humphrey once made about Anderson: "Don't be misled about him just because he doesn't shout and pound the table the way I do. He can be firm as a rock." Shortly after...
With one bold thrust, Anderson undercut the tax-cut advocates in both the Administration and Congress: he worked out with Rayburn and Johnson an informal understanding that neither side would push for a tax cut without first discussing it with the other side. That understanding, dubbed the "Treaty of the...
"If we had taken massive government action and then business had improved." he says, "we might have convinced the people that this was the only way out of a recession. But by leaving it essentially alone, we established a basis for belief in the resiliency of the economy. In their...
Democrats, and some Republicans too, have charged Anderson with overstressing sound money at the expense of economic growth. A little inflation, the argument runs, is a cheap price to pay for rapid growth. But as Anderson sees it, price stability is the friend of economic growth, not its enemy. What...