In his day, President Eisenhower sounded just as confused, and confusing, about the economy as most politicians and economists do today. The difference between then and now: Eisenhower knew he didn’t know what he was talking about. Neither did anybody else. From 1,911 Best things anybody ever said:
Listen, there is no courage or any extra courage that I know of to find out the right thing to do. Now, it is not only necessary to do the right thing, but to do it in the right way and the only problem you have is what is the right thing to do and what is the right way to do it. That is the problem. But this economy of ours is not so simple that it obeys to the opinion of bias or the pronouncements of any particular individual, even to the President. This is an economy that is made up of 173 million people and it reflects their desires, they’re ready to buy, they’re to spend, it is a thing that is too complex and too big to be affected adversely or advantageously just by a few words or any particular—say, a little this and that, or even a panacea so alleged.
JFK was not knowledgeable about economics, but he sought tutoring on the subject. It should be required coursework in our schools at the tenth grade level.
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