The Economy: A Call for Action

During the Administrations of his two Democratic successors, Harry S Truman has carefully refrained from making any pronouncements critical of their policies. Last week the man from Missouri found that he could keep silent no longer. "There is a matter," he said in a formal statement, "about which I am so deeply concerned that I feel it has become necessary for me to speak out." The matter is one that is on the minds of a great many Americans, from housewives to investment bankers to the President of the U.S. himself: the tightest money the U.S. has seen since...

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