Thursday, May 21, 2009

Quote of the Day - Eisenhower

I never shared President Eisenhower's concern over the "military industrial complex." Still, I'm not insensible to the tendency of some businessmen to take advantage of political pull to increase profits. What's especially interesting though, even tragic, about this quote is the final sentence.
The potential for the disastrous rise of misplaced power exists and will persist... There is a recurring temptation to feel that some spectacular and costly action could become the miraculous solution to all current difficulties.
Adherence to that one insight would have eliminated 90% of the economic disasters of the past year that have, even now, not yet fully played out.

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