National Affairs: The Echo

Flailing at Nixon from Eveleth, Minn., Democrat Adlai Stevenson last week echoed a familiar, false criticism of U.S. capitalism, namely, that it feeds on disaster and thrives on war. Said Stevenson: "When the President seemed to reopen the door for Richard, I heard on the radio that the stock market reacted to Vice President Nixon's improved political fortunes by going up a few points. I don't, as I say, know exactly what this means— but I do recall that the market normally rises in the face of a declaration of war or other national calamity."

Stevenson, who has lived long and comfortably...

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