Hoary Myth Laid to Rest
Great Falls, Va.
In the opening sentence of your November 3 lead editorial, you quoted Richard Nixon as saying, “We are all Keynesians now.” In fact, it was economist Milton Friedman who said that. His exact words were, “In one sense, we are all Keynesians now; in another, nobody is any longer a Keynesian” (Time magazine, February 4, 1966). What Nixon said in 1971 was slightly different. Following an interview with Howard K. Smith of ABC, Nixon said, “I am now a Keynesian in economics” (New York Times, January 4, 1971).
Deadline Poet Got Her Through…
I thought that XM Radio’s uncensored Comedy Channel 150 and Michael Moore’s TCFF weekly e-mails would get me through this election season and our economic mess. But I thank The Nation and Deadline Poet Calvin Trillin for his weekly jolt of humor and reality! Not sure I could have made it without you.
Time to Turn Green
For years we have been told to trust industry or government to take care of America. Both have let us down and can’t be depended on to fix things [William Greider, “Dr. Paulson’s Magic Potion,” Nov. 3]. We the people must stand up and save America. Those of us who have jobs need to tighten our belts and buy “green bonds” to invest in our country and community. Revenues from green bonds would turn government building green, build rapid transit and light rail, invest in wind and solar power. This will put our neighbors to work, reduce the cost of government by making the infrastructure more efficient and promote new sustainable industries. By selling green bonds, federal, state and local government will give common citizens an opportunity to be patriotic and to secure our future and that of our country.
Obama & the Supremes
I agree with Herman Schwartz (“The Supreme Court and the Election: What’s at Stake,” Nov. 3) that it will be better to have Obama making Supreme Court nominations than McPain. However, I have a couple of not-so-minor comments: Stevens, Souter and Ginsburg are, at best, relatively liberal. They’re still corporatists. And sure, the Democrats don’t want another Bork fight. But you have to admit that they caved in all too quickly on Alito. Think how much better off we’d be today if the Republicans had been forced to exercise the “nuclear option” in the Alito case. The Republicans outfox the Democrats every time in the use of the cloture rule.