Word: wrong
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Dates: during 1970-1979
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ARTHUR OKUN: "Sometimes I understand this economy and sometimes I don't," laments Okun, senior fellow of the Brookings Institution in Washington, D.C. "I was dead wrong," he admits, in expecting unemployment to go up in September. Instead it dropped, indicating that the economy was far more resistant to a downturn that might check price boosts than had been supposed. Consequently, though Okun is usually vehemently opposed to a policy of relying primarily on money-supply policy to combat inflation, he proclaims himself "not horrified" by Volcker's actions. Okun fears that "interest rates could become so unstable...
...underwriters anticipated a field day. To be sure, interest rates were expected to go up another notch in late October, but by moving up the launching date two weeks, IBM and its principal underwriters, Salomon Brothers and Merrill Lynch, were confident that the timing was right. It was hideously wrong. The bond issue turned out to be perhaps the greatest underwriting fiasco in Wall Street history...
...attention to them; in fact he rarely slept at home, preferring the laboratory. His first wife died grossly overweight; his second once said their marriage had been "no great love." The Hollywood picture of Edison as a dedicated battler for the good of humanity could hardly be more wrong. Much as his inventions did benefit humanity, Edison's object was to make money, as much as he could. His first patent was on a device for automatically and speedily recording votes in Congress and state legislatures; but because such a machine was seen as a threat to the filibuster...
There is nothing wrong with this familiar yet entertaining tale, or with Hanna Schygulla's finely shaded and often sensuous portrayal of the protagonist. The trouble stems from Fassbinder's belief that Maria can serve as a damning metaphor for modern Germany's Economic Miracle. Since his style expresses complex emotions and ambiguous political history in broad theatrical gestures, he never makes his case. Eventually the strain between form and content becomes irritating. The final shot is a portrait of Chancellor Helmut Schmidt, who is thus equated with the film's opening image of Hitler...
Aside from his views of where historians have gone wrong. Handlin proposes a strong if not portentous case for accuracy. He has paid close attention to history, but the same challenge could be issued to every academic discipline which proposes to teach that which the public could not discover for itself. The book is nothing new, just a dressy version of earlier ideas filled with one clear message. Historians should try not to disappoint Handlin again...