One 40-below-zero Sunday 40-odd years ago, a Lutheran minister made his way across frozen snowdrifts in a horse and buggy to keep his preaching schedule at five different churches in and around Hawley, Minn. In the winter and spring of 1958, the minister's son, Presidential Assistant Gabriel Hauge, showed the same old-fashioned fortitude in the face of icy winds of another kind. With the U.S. economy slipping downward, panicky cries for drastic federal intervention rang out in Washington and across the U.S. But calm, articulate Gabriel Hauge, sometime economics teacher at Princeton and Harvard, economics assistant to the President of...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!