- Downloads:
- 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.
![Illusions of Point Four by Henry Hazlitt](https://cdn.mises.org/styles/responsive_6_9_650w/s3/static-page/img/Illusions%20of%20Point%20Four_Hazlitt.jpg.webp?itok=WW-n75iv 650w,https://cdn.mises.org/styles/responsive_6_9_870w/s3/static-page/img/Illusions%20of%20Point%20Four_Hazlitt.jpg.webp?itok=Nj-mmYPl 870w,https://cdn.mises.org/styles/responsive_6_9_1090w/s3/static-page/img/Illusions%20of%20Point%20Four_Hazlitt.jpg.webp?itok=NqcWB3Vf 1090w,https://cdn.mises.org/styles/responsive_6_9_1310w/s3/static-page/img/Illusions%20of%20Point%20Four_Hazlitt.jpg.webp?itok=qip_rzuf 1310w,https://cdn.mises.org/styles/responsive_6_9_1530w/s3/static-page/img/Illusions%20of%20Point%20Four_Hazlitt.jpg.webp?itok=CW_iVIFH 1530w)
![Henry Hazlitt](https://cdn.mises.org/styles/responsive_6_9_650w/s3/static-page/img/Henry%20Hazlitt.jpg.webp?itok=KtRBObiY 650w,https://cdn.mises.org/styles/responsive_6_9_870w/s3/static-page/img/Henry%20Hazlitt.jpg.webp?itok=B44AUMIn 870w,https://cdn.mises.org/styles/responsive_6_9_1090w/s3/static-page/img/Henry%20Hazlitt.jpg.webp?itok=JO3xds5s 1090w,https://cdn.mises.org/styles/responsive_6_9_1310w/s3/static-page/img/Henry%20Hazlitt.jpg.webp?itok=q2ltnQ2b 1310w,https://cdn.mises.org/styles/responsive_6_9_1530w/s3/static-page/img/Henry%20Hazlitt.jpg.webp?itok=OgggWIjt 1530w)
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).
Foundation for Economic Education, Irvington-On-Hudson, New York, 1950