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Respectfully Quoted: A Dictionary of Quotations. 1989.

NUMBER: 1919
AUTHOR: Abraham Flexner (1866–1959)
QUOTATION: Nations have recently been led to borrow billions for war; no nation has ever borrowed largely for education. Probably, no nation is rich enough to pay for both war and civilization. We must make our choice; we cannot have both.
ATTRIBUTION: ABRAHAM FLEXNER, Universities, part 3, p. 302 (1930).