Josiah Gilbert Holland Quotes
The person who does not know how to live while they are making a living is a poorer person after their wealth is won than when they started.
Holland, Josiah Gilbert. Every-Day Topics: A Book of Briefs. Scribner, Armstrong & Co., 1876, p. 280.
He was expressing his cynicism about deficit spending leading affluence. However, those who advocate government counter-cyclical spending have never advocated constant deficit spending, but have urged deficit spending for specific periods and when the economy has turned around, stopping the spending and reducing the deficit.
Josiah Gilbert Holland was an American novelist and poet who also wrote under the pseudonym Timothy Titcomb. He helped to found and edit Scribner's Monthly (afterwards the Century Magazine), in which appeared his novels, Arthur Bonnicastle, The Story of Sevenoaks, Nicholas Minturn. In poetry he wrote "Bitter-Sweet" (1858), "Kathrina", the lyrics to the Methodist hymn "There's a Song in the Air", and many others.