This is currently on Grant's Interest Rate Observer of the Air.

And the fellow with a cracked voice is me.

I'm Jim Grant.

And with me, as always, as the great deputy editor of Grant's Evan Lorenz.

Welcome, Evan.

And Henry French is at the control panel,

as per usual. And with us today is Dan Rassimusant. He was a master of many things.

You know, I knew a guy named Lou Lairman. This is indirect introduction to the most formidable

resume of Dan. And Lou Lairman came of age for the draft.

This is the early 1960 I guess. It said such a thing as conscription. Selective service you had

to serve in the military or present evidence while you're unfit. So Lou Lerman goes to see his

local army recruiter,

and the sergeant asks him,

so, kid, tell me about yourself.

Well, Lou says,

see, I graduated from Yale after going to the Hill School.

He went to Hill School, then Yale.

I was a distinguished scholar.

And then I went to Harvard and received my graduate.

And the sergeant says, look, kid, I haven't got time for this.

Either you're a liar or you ought to be a general.

In any case, you're out of here.

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