Wednesday, 14 August 2019

“Proposals for an increased volume of credit, therefore, are merely another name for proposals for an increased burden of debt. They would seem considerably less inviting if they were habitually referred to by the second name instead of by the first.” #QotD


“Proposals for an increased volume of credit, therefore, are merely another name for proposals for an increased burden of debt. They would seem considerably less inviting if they were habitually referred to by the second name instead of by the first.”

~ Henry Hazlitt, from his book Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics -- the book that has Deborah Russell MP's panties in a bunch
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