“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.”

Notes on the Next War (1935)

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

Help us to complete the source, original and additional information

Do you have more details about the quote "The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosp…" by Ernest Hemingway?
Ernest Hemingway photo
Ernest Hemingway 501
American author and journalist 1899–1961

Related quotes

J. F. C. Fuller photo
Theodore Roosevelt photo

“Those who oppose reform will do well to remember that ruin in its worst form is inevitable if our national life brings us nothing better than swollen fortunes for the few and the triumph in both politics and business of a sordid and selfish materialism.”

Theodore Roosevelt (1858–1919) American politician, 26th president of the United States

1910s, The New Nationalism (1910)
Context: I believe in shaping the ends of government to protect property as well as human welfare. Normally, and in the long run, the ends are the same; but whenever the alternative must be faced, I am for men and not for property, as you were in the Civil War. I am far from underestimating the importance of dividends; but I rank dividends below human character. Again, I do not have any sympathy with the reformer who says he does not care for dividends. Of course, economic welfare is necessary, for a man must pull his own weight and be able to support his family. I know well that the reformers must not bring upon the people economic ruin, or the reforms themselves will go down in the ruin. But we must be ready to face temporary disaster, whether or not brought on by those who will war against us to the knife. Those who oppose reform will do well to remember that ruin in its worst form is inevitable if our national life brings us nothing better than swollen fortunes for the few and the triumph in both politics and business of a sordid and selfish materialism.

Roy Jenkins photo
Irving Kristol photo
C. Wright Mills photo
Peter D. Schiff photo

“Inflation is the unhappy result of our monetary mismanagement and the ultimate cause of the coming economic collapse.”

Peter D. Schiff (1963) American entrepreneur, economist and author

Quotes from Crash Proof (2006)

Robert LeFevre photo
Ali al-Hadi photo

“Indeed, both the scholar and the student share the prosperity.”

Ali al-Hadi (829–868) imam

Majlisi, Bihārul Anwār, vol.78, p. 367.
Regarding Knowledge & Wisdom, General

Remy de Gourmont photo

Related topics