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- at the University of Pittsburgh and later at Harvard, got this notion called the tipping theory, and it read very, very, very impressive. The only trouble with it is, it's like the theory that there is a time when if your temperature gets to be a certain amount
- increase should serve to point that out where in his chalk talk to the press on the blackboard, he outlined what the problem was--that his $25 billion deficit was intolerable, that the choices then were either to borrow most of that deficit, to borrow
Oral history transcript, James C. Gaither, interview 1 (I), 11/19/1968, by Dorothy Pierce (McSweeny)
(Item)
- group of people could do a better substantive job in private without the harassment of the press, interest groups, and without worrying about haw they look if they're the lone dissenter, without having to explain their stand publicly. P: Were there any