Tuesday, November 20, 2012

Toward a Point of No Return

"The venerable Satchel Paige, renowned for his feats on the pitcher's mound for the last half century or so, is reported once to have favored his partisans with this bit of wisdom: "Don't never look back; something may be gaining on you." Whether he was referring to the subject of this booklet is not a matter of record. But if he was talking about inflation, Mr. Paige won't have to look back any longer - it's now ahead of him. And it's ahead of the rest of us too. The author of this booklet is concerned that we may be caught in a vicious inflationary spiral. He admits that the American Golden Goose is a mighty tough bird, but he warns here what we must do about inflation before we reach a point of no return. 
king stage."

Good Reading Rack Service, 1959

No comments:

Post a Comment