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Date: | Fri Mar 31 17:19:09 2006 |
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----------------- HES POSTING -----------------
As others have written, the phrase belongs to Harry Truman; but
according to H. H. Liebhafsky, J.D., Ph.D. who taught HET
(Methodology) at the University of Texas through the '60s, '70s, and
early '80s (and who had worked for the US State Department as an
attorney during the last two years of Truman's term), there was also an
apocryphal ending to Truman's dilemma. Someone found not one, but
two one-armed economists and arranged for them to meet with the
President. One was from Chicago (Paul Douglas ?) and the other was
from Harvard (name not recalled) so the meeting ended with even more
hand-waving than Truman had originally complained about and gave
rise to another Truman comment: If you laid the best economists in the
country end-to-end, they wouldn't reach a conclusion. (The latter
comment has also, over the years, been attributed to other US
Presidents and Nobel-winning economists.)
Bill Moore, UAF
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