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Richard Nixon and the design - Global Online Money Finder
Derivatives Economics

Richard Nixon and the design

My Hoover colleague Tim Kane gave me an excellent interview this morning. The interview (audio) will be available soon and I’ll post it here when it comes out (assuming I didn’t say anything really embarrassing, and I don’t think I did.) Tim has a Brian Lamb style of his Getting respondents to go deeper into something personal than the respondent (I) may have planned. So I talked about growing up in my family in ways I didn’t plan on.

I told him in the pre-interview yesterday that when we talk about Richard Nixon and the draft, I would tell my personal story about Nixon. I forgot to.

Here is the background that we covered. Neither Tim nor I were, as we made clear in the interview, a fan of Richard Nixon, aka Mr. Price Controls. But we both gave him great appreciation for taking up the draft of the subject in 1967, for speaking out against it in his 1968 campaign against the democratic opponent Hubert Humphrey and for invalidating the agency’s draft in 1973.

The story I couldn’t tell is this one. In the summer of 1993, shortly after Nixon’s wife Pat died, Nixon was on the same flight as my wife, daughter Karen, and I from Newark to Lost Angeles. He was, of course, in first class with an intelligence agent next to him.

Something like that never stopped me. I thought I’d tell Karen a little about Nixon finishing the design and then get her to say hello and thank Nixon.

But something stopped me. From 1979-80 I lived in Oakland and commuted to my job at the Cato Institute in San Francisco. I subscribed to the Oakland Tribune. As I was on that flight, I suddenly remembered a long interview with Nixon in the Tribune. The interviewer asked him what was the biggest political mistake in his presidency. Of course, I had hoped at the time that he would reply, “impose wage and price controls”. He did not do it. His biggest mistake, he said, was getting rid of the draft.

I went through it all mentally in about 2 seconds and then decided, “The hell with him. I will not take my daughter there. “

That was a mistake. At least to a certain extent, it’s always important to “cool the brand down”. This term usually has a negative meaning due to the term “the brand”. It usually means convincing the brand that your bad decision was a good one. In that regard, what I’m about to do is positive: Trying to convince Nixon that his good decision, which he thinks is bad, was really a good one.

I should have tried taking my daughter to Nixon.

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