“When Hume and Adam Smith prophesied that a little increase of national debt beyond the then amount of it, would probably occasion bankruptcy; the main cause of their error was the natural one, of not being able to see the vast increase of productive power to which the nation would subsequently obtain.”

— Thomas Robert Malthus , Principles of Political Economy

Book II, Chapter I, On The Progress of Wealth, Section X, p. 422
Principles of Political Economy (Second Edition 1836)

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Thomas Robert Malthus 60

British political economist 1766–1834

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