Drumbeat Against Capitalism
Mises on anti-profit language and literature. (Column by William Peterson)
Mises on anti-profit language and literature. (Column by William Peterson)
The Titanic story began to be politicized as soon as news arrived that the ship had gone down in the North Atlantic during the early hours of April 15, 1912. Senator William Alden Smith, a "progressive" Republican and friend of activist government, called the White House to find out what President Taft intended to do about the disaster. He discovered that Taft did not hold the typical twentieth-century assumption that the president of the United States is responsible for solving every problem in the world. Smith was told that Taft intended to do nothing about the Titanic.