Thursday, July 14, 2022

Ernest Hemingway on Inflation and War

Since so many people (ourselves included) have found and used Hemingway's bit of dialogue from "The Sun Also Rises":

“How Did You Go Bankrupt?” 

“Two Ways. Gradually and Then Suddenly.”

I thought I would drop another of his money quotes.
Via the US Holocaust Memorial Museum's Holocaust Encyclopedia:
 
"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," Esquire magazine, Ernest Hemingway, September 1935.
 
Possibly related: