The ideas which now pass for brilliant innovations and advances are in fact mere revivals of ancient errors, and a further proof of the dictum that those who are ignorant of the past are condemned to repeat it.

Henry Stuart Hazlitt (November 28 1894 – July 9 1993) was an American economist philosopher literary critic and journalist for such publications as The Wall Street Journal The Nation The American Mercury Newsweek and The New York Times and he has been recognized as a leading interpreter of economic issues from the perspective of American conservatism and libertarianism.