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In the turbulent Spring of 1919, Bronson Cutting, a wealthy “Progressive” who controlled one of New Mexico’s leading newspapers, decided to throw in with the enthusiasts who were pushing General Leonard Wood for the 1920 Republican presidential nomination. For a few months Cutting and likeminded local acquaintances worked by themselves, in virtual isolation, for the General, who was widely perceived as the heir to the mantle of the recently deceased Theodore Roosevelt.

Deduced and Abandoned: Rational Expectations, the Investment Theory of Political Parties, and the Myth of the Median Voter