From Here to There

Two important bets have been placed during the recent summer months. One of them, made by Democratic Presidential candidate John Kennedy, on the New Mendicancy, sometimes called the New Frontier, is a bet which assumes a continuous decline in the intelligence of the American people. The other bet, made by George Romney, President of the American Motors Corporation, assumes the ability of the people to act with an ever-increasing amount of common sense.

The Kennedy bet is based on the supposition that people don’t know how to spend or invest their own money. Leaning heavily on the theories of economist J. Kenneth Galbraith and historian Arthur Schlesinger Jr., Kennedy proposes a directed economy, with money funnelled here, there, and everywhere, all at the expense of the man who might want to have some say in allocating his own income. Mr. Romney, on the other hand, considers the average American consumer to be a rational animal. He can be trusted to shop for his own values.

JC

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John Chamberlain

John Chamberlain (1903–1995) was an American writer.

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John Kennedy

Two important bets have been placed during the recent summer months. One of them, made by Democratic Presidential candidate John Kennedy, on the New Mendicancy, sometimes called the New Frontier, is a bet which assumes a continuous decline in the intelligence of the American people. The other bet, made by George Romney, President of the American Motors Corporation, assumes the ability of the people to act with an ever-increasing amount of common sense.

The Kennedy bet is based on the supposition that people don’t know how to spend or invest their own money. Leaning heavily on the theories of economist J. Kenneth Galbraith and historian Arthur Schlesinger Jr., Kennedy proposes a directed economy, with money funnelled here, there, and everywhere, all at the expense of the man who might want to have some say in allocating his own income. Mr. Romney, on the other hand, considers the average American consumer to be a rational animal. He can be trusted to shop for his own values.