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" Chateaubriand said of history: There are two consequences in history: one immediate and instantaneously recognized; the other distant and unperceived at first. These consequences often contradict each other; the former come from our short-run wisdom, the latter from long-run wisdom. "

Frédéric Bastiat , The Economics of Freedom: What Your Professors Won't Tell You


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Frédéric Bastiat quote : Chateaubriand said of history: There are two consequences in history: one immediate and instantaneously recognized; the other distant and unperceived at first. These consequences often contradict each other; the former come from our short-run wisdom, the latter from long-run wisdom.