Illusions of Point Four

03/06/1950 Henry Hazlitt

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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.

Illusions of Point Four by Henry Hazlitt

Meet the Author

Henry Hazlitt

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).

View Henry Hazlitt bio and works

References

Foundation for Economic Education, Irvington-On-Hudson, New York, 1950

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