Responding to yours of the 1st in reply to my letter to Mr. Calder.

I never had any doubt that you have on call many distinguished monetary authorities, but would it ever occur to you to ask any of them to submit a plan of action completely divorced from political action, or would any of them voluntarily offer such a plan, as I have done? The answer to both questions is no. So the NAM goes blithely on imagining it is a defender of the private enterprise system, while at the same time playing right into the hands of the socialists.

I enclose my recent pamphlet The New Approach to Freedom which I dare you to read, even though I should be intimidated by your rebuke for presuming to offer a suggestion.