Word: seem
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Dates: during 1960-1969
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...intricacies of monetary theory generally seem as mystifying as the Mock Turtle's description in Alice in Wonderland of "the different branches of arithmetic?Ambition, Distraction, Uglification and Derision." Money supply can be measured in four ways, but Friedman prefers to use the total of currency in circulation plus checking accounts and time deposits in banks. The Federal Reserve controls the rate at which money supply grows or shrinks chiefly by buying or selling Government bonds. When the board buys bonds, it automatically raises the quantity of reserves available to banks; this increases the amount of credit that banks...
...decade that opens next month, thoughtful business leaders realize they face responsibilities that go beyond the traditional definition of business, and they seem ready to do more than merely pay lip service to them. Next to inflation, recession and the need to end the Viet Nam War, the most talked-about subject among high executives is what role the corporation can play in reversing the decline of cities, building housing for the poor, finding and training blacks for jobs. Walter A. Haas Jr., president of San Francisco's Levi Strauss & Co., believes that industry's first big task...
REACTION to his ideas, says Milton Friedman, follows "a certain scenario." Act I: "The views of crackpots like myself are avoided." Act II: "The defenders of the orthodox faith become uncomfortable because the ideas seem to have an element of truth." Act III: "People say, 'We all know that this is an impractical and theoretically extreme view?but of course we have to look at more moderate ways to move in this direction.' " Act IV: Opponents "convert my ideas into untenable caricatures so that they can move over and occupy the ground where I formerly stood...
Still, as a footnote to American history, They Shoot Horses, Don't They? is invaluable. The entire cast-particularly Young and Fonda-understands the era when existence seemed one long bread line. The penciled eyebrows, marcelled coiffures and bright, hopeful faces change by degrees into ghastly masks; the bodies seem to pull against a gravity that wants them six feet underground. The music goes round and round, and so do the actors, in a coruscating dance of death. It is a pity that the picture is not left to them. The film makers should have known better than...
...summed him up, "that connects the antique with the modern ages." These memoirs, composed in a number of drafts, were all that Edward Gibbon was to write after Decline and Fall. Fiddled over by generations of editors-the last extensive revision appeared in London in 1900-the memoirs now seem complete. In Decline and Fall, Gibbon erected his monument. In the memoirs, he composed the obituary to go with it. Then, job completed, he promptly died at the age of 57, showing to the end a fine Roman regard for classical climax...