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“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 (verified)

Source

Notes on the Next War (Primary source)
In Notes on the Next War: A Serious Topical Letter, published in Esquire in 1935, Ernest Hemingway offers a dark, reflective, and ironically humorous meditation on the looming threat of another global conflict—what would eventually become World War II. Writing between the two world wars, Hemingway draws on his own harrowing experiences in World War I to critique the glorification of war and to expose its brutal psychological and physical costs.

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Full quote

“It removes the only possible check. No one man nor group of men incapable of fighting or exempt from fighting should in any way be given the power, no matter how gradually it is given them, to put this country or any country into 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 (verified)

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