Quote of the day–Henry Hazlitt

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
Part One: The Lesson
1946
[Yes. That was said in 1946.–Joe]