"The first panacea for a mismanaged nation..." - Quote by Ernest Hemingway
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.
More by Ernest Hemingway
“It was a pleasant cafe, warm and clean and friendly, and I hung up my old water-proof on the coat rack to dry and put my worn and weathered felt hat on the rack above the bench and ordered a cafe au lait. The waiter brought it and I took out a notebook from the pocket of the coat and a pencil and started to write.”
“Worry destroys the ability to write. Ill health is bad in the ratio that it produces worry which attacks your subconscious and destroys your reserves.”
“You expected to be sad in the fall. Part of you died each year when the leaves fell from the trees and their branches were bare against the wind and the cold, wintery light. But you knew there would always be the spring, as you knew the river would flow again after it was frozen. When the cold rains kept on and killed the spring, it was as though a young person died for no reason.”
More on Politics
“Winston Churchill used to say that we, Americans, try every other option before we finally do the right thing. After everything else is exhausted we eventually do the right thing and I think that's true for Congress as well. And it's important for Americans to remember that politics has always been messy.”
“Our model of politics is one that it is inclusive of all members of the society; all should be represented. That is the nature of our democracy.”
“Empire and liberty.”
More on Economy
“he who will not economize will agonize”
“The money was all appropriated for the top in the hopes that it would trickle down to the needy. Mr. Hoover didn’t know that money trickled up. Give it to the people at the bottom and the people at the top will have it before night, anyhow. But it will at least have passed through the poor fellow’s hands.”
“Probably the greatest single obstacle to the progress and happiness of the American people lies in the willingness of so many men to invest their time and money in multiplying competitive industries instead of opening up new fields, and putting their money into lines of industry and development that are needed.”