“There are men regarded today as brilliant economists, who deprecate saving and recommend squandering on a national scale as the way of economic salvation; and when anyone points to what the consequences of these policies will be in the long run, they reply flippantly, as might the prodigal son of a warning father: "In the long run we are all dead." And such shallow wisecracks pass as devastating epigrams and the ripest wisdom.”
Henry Hazlitt
Economics in One Lesson: The Shortest & Surest Way to Understand Basic Economics
-
Working on it...
-
Working on it...
-
Working on it...
-
Working on it...
Similar quotes
“In the long run, we are all dead!”
John Maynard Keynes
“In the long run men hit only what they aim at.”
Henry Wadsworth Longfellow
“The joint committee invited economists of many economic stripes to model what would happen if America switched from the current code to a unified income tax or a consumption tax. Every economist who modeled reported that the consumption tax would increase long-term economic growth.”
Neal Boortz
FairTax: The Truth: Answering the Critics
“It's hard to decide who's truly brilliant; it's easier to see who's driven, which in the long run may be more important.”
Michael Crichton
Congo
“Harmony, liberal intercourse with all nations, are recommended by policy, humanity, and interest.”
George Washington