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Illusions of Point Four

  • Illusions of Point Four by Henry Hazlitt
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03/06/1950Henry Hazlitt

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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References

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