The Age of Magic Money
Can Endless Spending Prevent Economic Calamity?
We all turn away, however, from the thought that nuclear war may be as inescapable as death, and may end our lives and our society within this generation or the next. We plan and work every day for the twenty-first century-as parents educating our children, as young workers saving for retirement, as a nation that seeks to preserve its physical environment, its political traditions, its cultural heritage. For this larger horizon- encompassing for the younger generation simply the common expectation of a healthy life-we do in fact assume "nuclear immortality." We believe, or we act as if we believe, that thanks to a certain international order, the existing arsenals of nuclear weapons with their almost incomprehensible destructiveness will never be used.
Yet, this order is so constructed that it cannot move toward abolition of nuclear weapons. It demands, as the necessary condition for avoiding nuclear war, the very preservation of