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LET ME GIVE SEVERAL EXAMPLES FROM MY OWN EXPERIENCE
OF THE COMPLEXITY OF THESE MATTERS AND HOW POLITICAL
LABELS AND IDELOGICAL APPROACHES ARE FREQUENTLY
IRRELEVANT TO THEIR SOLUTION.
LAST WEEK A DISTINGUISHED GRADUATE OF THIS SCHOOL,
SENATOR PROXMIRE OF THE CLASS OF 1938, WHO IS ORDINARILY
REGARDED AS A LIBERAL DEMOCRAT SUGGESTED THAT WE SHOULD
FOLLOW IN MEETING OUR ECONOMIC PROBLEMS A STIFF FISCAL
POLICY -- WITH EMPHASIS ON BUDGET BALANCING AND AN EASY
MONETARY POLICY -- WITH LOW INTEREST RATES IN ORDER TO
ECONOMY
KEEP OUR MOVING.
IN THE SAME WEEK THE BANK FOR INTERNATIONAL SETTLEMENT
IN SWITZEREAND, A CONSERVATIVE ORGANIZATION
REPRESENTING CENTRAL BANKERS OF EUROPE SUGGESTED THAT THE
APPROPRIATE ECONOMIC POLICY IN THE UNITED STATES SHOULD
?
this Wk follun
PERMIT A BUDGET POLICY AS IN EUROPE WITH
DIFICITS WHEN THE ECONOMY IS DOWN AND A HIGH MONETARY
POLICY AS IN EUROPE WITH HIGH INTEREST RATES, IN ORDER
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.
Page data
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Document data
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"ocrText": "LET ME GIVE SEVERAL EXAMPLES FROM MY OWN EXPERIENCE\nOF THE COMPLEXITY OF THESE MATTERS AND HOW POLITICAL\nLABELS AND IDELOGICAL APPROACHES ARE FREQUENTLY\nIRRELEVANT TO THEIR SOLUTION.\nLAST WEEK A DISTINGUISHED GRADUATE OF THIS SCHOOL,\nSENATOR PROXMIRE OF THE CLASS OF 1938, WHO IS ORDINARILY\nREGARDED AS A LIBERAL DEMOCRAT SUGGESTED THAT WE SHOULD\nFOLLOW IN MEETING OUR ECONOMIC PROBLEMS A STIFF FISCAL\nPOLICY -- WITH EMPHASIS ON BUDGET BALANCING AND AN EASY\nMONETARY POLICY -- WITH LOW INTEREST RATES IN ORDER TO\nECONOMY\nKEEP OUR MOVING.\nIN THE SAME WEEK THE BANK FOR INTERNATIONAL SETTLEMENT\nIN SWITZEREAND, A CONSERVATIVE ORGANIZATION\nREPRESENTING CENTRAL BANKERS OF EUROPE SUGGESTED THAT THE\nAPPROPRIATE ECONOMIC POLICY IN THE UNITED STATES SHOULD\n?\nthis Wk follun\nPERMIT A BUDGET POLICY AS IN EUROPE WITH\nDIFICITS WHEN THE ECONOMY IS DOWN AND A HIGH MONETARY\nPOLICY AS IN EUROPE WITH HIGH INTEREST RATES, IN ORDER"
}