EISENHOWER, Dwight D. Typed letter signed ("Dwight D. Eisenhower"), as President, to Benjamin A. Javits (1894-1973), Denver, 8 September 1955. 1 page, 4to, White House stationery .
EISENHOWER, Dwight D. Typed letter signed ("Dwight D. Eisenhower"), as President, to Benjamin A. Javits (1894-1973), Denver, 8 September 1955. 1 page, 4to, White House stationery . "I WAS IN EUROPE IN THE TWENTIES WHEN THE RESULTS OF PROGRESSIVE INFLATION WERE SO MARKED IN MANY COUNTRIES" Eisenhower draws on the lessons of Europe's dark history on the twentieth century in this fascinating letter on politics, economics and leadership to the elder brother of soon-to-be Senator Jacob Javits. "I think there is as much danger in shutting our eyes to the causes and effects of inflation as there is to becoming frightened at the mere mention of the word. I was in Europe in the twenties when the results of progressive inflation were so marked in many countries that unrest and distress were discernible on every side. In this, as in all other great concepts affecting millions of humans, good judgment and true leadership consist in finding the broad path in which conflicting, or partially conflicting considerations can be absorbed without placing insuperable obstacles in the way of progress. In this case I agree that progress consists in ever-growing productivity and ever-increasing consumption. I also agree that while we must not be too 'scary' of words, we must not shut our eyes to realities. A plentiful supply of capital is mandatory; but credit that absorbs the future buying capacity of a whole people can have in it elements of danger." A fine example of the common-sense moderation and centrism that made Eisenhower so successful as a politician and statesman. His trips to Europe in the late 1920s was in connection with his work on the American battle Monuments Commission. Benjamin Javits was the elder brother of four-term New York Senator Jacob K. Javits who, in 1955, was still New York State Attorney General, but preparing for his first Senate run in 1956. Benjamin had already made his mark in business and political circles as a prominent lawyer and author on economics. He published Peace By Investment (1950) and an election year tract, How the Republicans Can Win in 1952 . During World War II he was chairman of the post-war economic planning committee of the American Business Congress.
EISENHOWER, Dwight D. Typed letter signed ("Dwight D. Eisenhower"), as President, to Benjamin A. Javits (1894-1973), Denver, 8 September 1955. 1 page, 4to, White House stationery .
EISENHOWER, Dwight D. Typed letter signed ("Dwight D. Eisenhower"), as President, to Benjamin A. Javits (1894-1973), Denver, 8 September 1955. 1 page, 4to, White House stationery . "I WAS IN EUROPE IN THE TWENTIES WHEN THE RESULTS OF PROGRESSIVE INFLATION WERE SO MARKED IN MANY COUNTRIES" Eisenhower draws on the lessons of Europe's dark history on the twentieth century in this fascinating letter on politics, economics and leadership to the elder brother of soon-to-be Senator Jacob Javits. "I think there is as much danger in shutting our eyes to the causes and effects of inflation as there is to becoming frightened at the mere mention of the word. I was in Europe in the twenties when the results of progressive inflation were so marked in many countries that unrest and distress were discernible on every side. In this, as in all other great concepts affecting millions of humans, good judgment and true leadership consist in finding the broad path in which conflicting, or partially conflicting considerations can be absorbed without placing insuperable obstacles in the way of progress. In this case I agree that progress consists in ever-growing productivity and ever-increasing consumption. I also agree that while we must not be too 'scary' of words, we must not shut our eyes to realities. A plentiful supply of capital is mandatory; but credit that absorbs the future buying capacity of a whole people can have in it elements of danger." A fine example of the common-sense moderation and centrism that made Eisenhower so successful as a politician and statesman. His trips to Europe in the late 1920s was in connection with his work on the American battle Monuments Commission. Benjamin Javits was the elder brother of four-term New York Senator Jacob K. Javits who, in 1955, was still New York State Attorney General, but preparing for his first Senate run in 1956. Benjamin had already made his mark in business and political circles as a prominent lawyer and author on economics. He published Peace By Investment (1950) and an election year tract, How the Republicans Can Win in 1952 . During World War II he was chairman of the post-war economic planning committee of the American Business Congress.
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