quotes tagged with 'economicaid'

In the face of all this, the United States government has been engaged for years in a "foreign economic aid" program the greater part of which has consisted in outright government-to-government gifts of many billions of dollars.  Here we are interested in just one aspect of htat program - the naive belif of many of its sponsors that this is a clever or even a necessary method of "increasing our exports" and so maintaining prosperity and employment.  It is still another form of the delusion that a nation can get rich by giving things away.

Author: Henry Hazlitt, Source: Economics in One Lesson, (c) Henry Hazlitt 1962, page 89Saved by ImaWriterIII in government economics henryhazlitt economicaid 9 years ago[save this] [permalink]

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