The Coming Economic Crisis

Ring the changes on Prosperity! So, apparently, runs the basic campaign directive of the Eisenhower Administration as it seeks its new four-year mandate. Even the Democrats, the change-ringers proclaim, have to admit that we have maintained “full employment.” Even the Democrats have to admit that the price-level, thanks to our ministrations, has remained fairly stable.

We have, moreover, proved that we can perpetuate Prosperity into an indefinite future—that the “new tools” now available for the engineering of Prosperity indeed do the job, and that the economic managers to whom we have entrusted those tools are indeed wise men. What more, we want to know, can anybody ask of us?

MR

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Murray N. Rothbard

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Ring the changes on Prosperity! So, apparently, runs the basic campaign directive of the Eisenhower Administration as it seeks its new four-year mandate. Even the Democrats, the change-ringers proclaim, have to admit that we have maintained “full employment.” Even the Democrats have to admit that the price-level, thanks to our ministrations, has remained fairly stable.

We have, moreover, proved that we can perpetuate Prosperity into an indefinite future—that the “new tools” now available for the engineering of Prosperity indeed do the job, and that the economic managers to whom we have entrusted those tools are indeed wise men. What more, we want to know, can anybody ask of us?