The two old friends and adversaries had been doing television commentary on the conventions--or, as WFB puts it, exchanging "disjointed grunts of satisfaction and dissatisfaction on the Today show"--but wanted a chance to talk in greater depth than the eight minutes a day they were allotted. Here they look at Jimmy Carter, the newly nominated Democratic candidate, and at the economy and our tax policies. Mr. Galbraith on liberals' nervousness about Governor Carter: "Well, liberals have their own establishment, which isn't quite as tightly knit and exclusive a circle as those of you who surround Ronald Reagan perhaps, but of the same sort. And Governor Carter was from outside, an unfamiliar figure--not the sort of man of whom my friends could automatically feel that if he were elected, they would be in." ... On the purpose of graduated tax rates: "One of the things that best helps the poor and the deprived to bear life is to hear the occasional screams of the rich."