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.

Summary

This quote suggests that when a nation is poorly governed, two common solutions are often employed: inflation of the currency and engaging in war. The quote highlights that although these actions may bring short-term economic benefits and apparent prosperity, they ultimately lead to long-term destruction. It also criticizes the opportunistic tendencies of politicians and economic actors who resort to such tactics. Overall, the quote emphasizes the harmful consequences of these approaches and warns against their utilization as quick fixes for mismanaged nations.