Secret White House Tapes

Meeting with Unidentified Man (cont)—ca. 1950

About this recording

October 31, 1950
The guest on this recording sounds very like the individual on EL-T-IBM-272.
Eisenhower and his guest are discussing net farm income and corporate income. They
talk about the effect ofdeficit spending on the economy and the law of supply and
demand. Differing investment strategies are discussed; these include the purchase of
shares in corporations to earn income or to own physical property. They discuss the New
York Stock Exchange and the economic recovery since World War II. Eisenhower's
guest recommends Bernard Baruch's book, The Madness of the Crowd that was
published in 1932.