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Bernard M - English Conversation / TOEFL / IELTS 一對一英文會話

Wednesday, August 13, 2008

Ernest Hemingway on Inflation and War

"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." Ernest Hemingway
In fact, war and inflation often go together. Inflation is a means to pay for wars which could not be paid for by the normal means of governmental revenue collection, taxation.

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