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 HazlittAbout author
- Author's profession: Philosopher
- Nationality: american
- Born: November 28, 1894
- Died: July 8, 1993