Spencer Heath Archive

Item 1492

Letter to Henry Hazlitt, Editor, The Freeman Magazine, 240 Madison Avenue, New York 16, New York

October 29, 1953

Dear Mr. Hazlitt:

Your article in Newsweek for October 26, with its reference to F.A. Hayek’s previous article in the Free­man prompts me to express to you my unqualified appreciation of practically everything I have seen of yours on similar lines for a very long time. As you perhaps know, I am generally more interested in deeper understandings of our free enterprise system (so far as it is free) and the long term constructive policies which a profounder under­standing will insure. However, I am happy to find you and Mr. Hayek proposing a short term policy with reference to the part of government in facilitating the investment of American capital in foreign lands. I think yours is the most constructive short term plan that can be proposed, involving as it does the minimum of political control and a possible way out from an otherwise inextricable mess.

Sincerely yours, SH:sm