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- Illusions of Point Four_2.pdf
In his inaugural address of 20 January 1949, President Truman announced what has since become the famous “Point Four”.
No sooner was this announced than the brains of Washington bureaucrats began to bubble with grandiose schemes for pouring still more of the American taxpayers’ money into foreign lands.
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Meet the Author
Henry Hazlitt
View Henry Hazlitt bio and works
Henry Hazlitt (1894–1993) was a well-known journalist who wrote on economic affairs for the New York Times, the Wall Street Journal, and Newsweek, among many other publications. He is perhaps best known as the author of the classic, Economics in One Lesson (1946).
Insofar as austerity has been imposed on the whole British people, it consists in refusing to permit either consumers or producers freedom of choice. The consumer is not free to spend his money on things he himself wants but only on things government officials think are good for him. The producer is not free to make what he wishes but only what government officials think is good for the country.
From the beginning of history, sincere reformers as well as demagogues have sought to abolish or at least to alleviate poverty through state action. In most cases their proposed remedies have only...
From time to time over the last 30 years, after I have talked or written about some new restriction on human liberty in the economic field, some new attack on private enterprise, I have been asked in...
References
Foundation for Economic Education, Irvington-On-Hudson, New York, 1950
