(7 of 7)
Jerome Frank knows that business bigness is here to stay. As one of the backstage voices helping to shape New Deal fiscal policy, he plumps regularly for reconstruction rather than mere reform. He is sure the impediments go much deeper than SEC red tape. Like any big businessman, he wants new outlets for new investment; a theorist, he sees the unscrambling of utilities as just that. To force it, he will render increasingly unpopular decisions; fewer & fewer friends will friendly Jerome Frank have. Consoling him is his strong belief that friends and foes have an ultimate community of interest. If his theory proves correct, future U. S. investors may well thank him for being a pioneer.
*A favorite: getting on all fours in a cage of chairs, barking. The word: perpendicular (purp-in-de-cooler).
† That's what makes a horse-race.
* Favorite trick of footnote-fetichist Frank: a footnote at the end of every too-daring chapter saying: "The reader will remember that this is a partial explanation."