Mar 24, 2009

Ernest Hemingway on inflation and war

The first panacea for a mismanaged nation is inflation of the currency; the second is war.  Both bring a temporary prosperity; both bring a permanent ruin.  But both are the refuge of political and economic opportunists. 

~ Ernest Hemingway,“Notes on the Next War: A Serious Topical Letter,” Esquire, September 1935 



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