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Mrs,
THAN PRICE INSTABILITY -- RELATIVE INTEREST RATES,
RELATIVE EXPORT <IMPORT BALANCES, NATIONAL SECURITY
coupontal flave
EXPENDITURES, ETC.
LET ME GIVE YOU A THIRD AND FINAL EXAMPLE. AT
THE WORLD BANK MEETING IN SEPTEMBER A NUMBER OF AMERICAN
BANKERS ATTENDING PREDICTED TO THEIR EUROPEAN
COLLEAGUES THAT BECAUSE OF THE FISCAL 62 BUDGET DEFICIT
THERE
THEXKE (SHOULD BE STRONG INFLATIONARY PRESSURES ON THE
DOLLAR AND INCREASES IN THE GOLD FLOW. THEIR PREDICTION
on INFLATION was SHARED BY MANY IN BUSINESS AND HELPED
PUSH THE STOCK MARKET UP. THE RECENT REALITY OF NON-
INFLATION HELPED BRING IT DOWN WE HAVE HAD INFLATION
your NO
/BECAUSE-OF PRODUCTIVITY INCREASES AND BECAUSE-OF
modert
?
THE
(INACOURATE USE OF PLANT CAPACITY AND MANPOWER.
and then a the
THESE MEN WHO KNOW AS MUCH ABOUT OUR ECONOMY AS
ANY IN THE COUNTRY WERE NOT CORRECT IN THEIR JUDGMENTS
ho
mi
m he s clear the they wene cless
I BELIEVE IT IS IN PART BECAUSE OF THEIR KNOWLEDGE THAT
IN OTHER DAYS AND PARTICULARLY IN OTHER COUNTRIES DEFICITS
same he they low Fel- the nelent was Not the th I mm
the Federe new + middlest there a
Document source description
This file contains materials collected by the office of President John F. Kennedy's secretary, Evelyn Lincoln, concerning President Kennedy's remarks at the 1962 Yale University graduation ceremony. In his speech the President thanks the University for the honorary degree bestowed upon him, and discusses three areas of domestic concern where the prevalence of myth dangerously impedes progress: fiscal policy, confidence in an administration, and the concept of "big government." Materials in this folder include various memoranda of suggested talking points, a draft by Special Assistant to the President and speechwriter Arthur M. Schlesinger, Jr., a press copy, and a reading copy of the speech with handwritten notations by the President, as well as a luncheon menu, program for the commencement exercises, and an additional transcript of the speech published by Yale University.
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