Washington • In 1964, although there was scant chance that Americans would choose to have a third president in 14 months, Lyndon Johnson took no chances. The economy was sizzling and in November Johnson would carry 44 states. Nevertheless, he wanted low interest rates, so he summoned to his Texas ranch Federal Reserve Chairman William McChesney Martin Jr., the longest-serving chairman (1951-1970), for whom one of the Fed’s two Washington buildings is now named. Johnson (this from “Capitalism in America: A History” by Alan Greenspan and Adrian Wooldridge) “gave [Martin] the once-over, shoving him around the room, yelling in his face, ‘Boys are dying in Vietnam and Bill Martin doesn’t care.
George F. Will: Cain, Moore nominations are two more tests for Republicans to fail
