Penny Wise And Pound Foolish Meaning
(idiomatic) Prudent and thrifty with small amounts of money, but wasteful and profligate with large amounts.
Example: 1942, Harry Elmer Barnes, Society in Transition: Problems of a Changing Age‎, page 122:
In the past our government has nowhere been more penny wise and pound foolish than in connection with its expenditures for conservation.
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