“The scholars who understand it hesitate to speak out boldly for fear people will not understand. The people, who understand it quite easily, also fear to speak out while they wait for the scholars to speak out first. The difference between our present situation and that of the story is that it is not the emperor but the people who are periodically made to go naked and hungry and insecure and discontented - a ready prey to less timid organizers of discontent for the destruction of the civilization.”

(1951, pg.16) http://papers.ssrn.com/sol3/papers.cfm?abstract_id=174849

Adopted from Wikiquote. Last update June 3, 2021. History

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Abba Lerner3

American economist 1903–1982

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