"The candidacy of George McGovern," WFB begins, "is off to a ripping start largely because of the appeal of what they are nowadays calling 'the new populism.' By happy coincidence for [today's guests], they brought out during the same season a book on the new populism called A Populist Manifesto: The Making of a New Majority." And we're off on a rousing battle over taxes & fairness. WFB: "An oil company is you and me and a lawyer to whom we pay $25 and we constitute ourselves an oil company. You are aware that there are thousands?" JG: "They may be you, babes, but they ain't me." WFB: "There are people much poorer than you, my friend, who have gone out and struck oil. H. L. Hunt was one of them. And if there is any?" JG: "You mean J. Paul Getty, don't you?" WFB: "Some people write books and some people..." JG: "Bill, you do mean J. Paul Getty, not H. L. Hunt." WFB: "I mean H. L. Hunt. H. L. Hunt was much poorer than you when he struck oil. I know; my father lent him money." JN: "At what rate?"
- Hoover ID: Program S0049
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