The casual European who puts his glass to his eye is likely to identify the U.S. today as a sort of gigantic liner on a luxury cruise. She sails serenely into the atomic age, with a rich mixture of smoke pouring from her stacks. Her paint and brightwork are spick-and-span. Lights burn brightly from every porthole, and occasional snatches of music float out. Her passengers, sports-dressed and bullion-blessed, spend seemingly endless hours on deck playing shuffleboard.
But the nature of the problems that concerned the U.S. last week proved that this is a very different kind of craft. In Washington,...
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