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Henry Hazlitt Quotes
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The consequences of inflation are malinvestment, waste, a wanton redistribution of wealth and income, the growth of speculation and gambling, immorality and corruption, disillusionment, social resentment, discontent, upheaval and riots, bankruptcy, increased government controls, and eventual collapse. (Henry Hazlitt Quotes)
The only way we could remember would be by constant re-reading, for knowledge unused tends to drop out of mind. Knowledge used does not need to be remembered; practice forms habits and habits make memory unnecessary. The rule is nothing; the application is everything (Henry Hazlitt Quotes)
Government-to-government foreign aid promotes statism, centralized planning, socialism, dependence, pauperization, inefficiency, and waste. It prolongs the poverty it is designed to cure. Voluntary private investment in private enterprise, on the other hand, promotes capitalism, production, independence, and self-reliance (Henry Hazlitt Quotes)
Mere inflation-that is, the mere issuance of more money, with the consequence of higher wages and prices-may look like the creation of more demand. But in terms of the actual production and exchange of real things it is not (Henry Hazlitt Quotes)
Prolonged inflation never ‘stimulates’ the economy. On the contrary, it unbalances, disrupts, and misdirects production and employment (Henry Hazlitt Quotes)
It is possible to increase paper-money income to any amount by debasing the currency. But real income can only be increased by working harder or more efficiently, saving more, investing more, and producing more (Henry Hazlitt Quotes)
New taxes are so unpopular that most ‘social’ handout schemes are originally enacted without enough increased taxation to pay for them. The result is chronic government deficits, paid for by the issuance of additional paper money (Henry Hazlitt Quotes)
The sad fact is that today most of the heads of big businesses in America have become so confused or intimidated that, so far from carrying the free market to argument to the enemy, they fail to defend themselves adequately even when attacked. (Henry Hazlitt Quotes)
A hundred welfare programs, spending more and more billions, lead to chronic budget deficits, which lead to increased paper-money issues, which lead to higher prices. (Henry Hazlitt Quotes)
Give me the clear blue sky above my head, and the green turf beneath my feet, a winding road before me, and a three hours’ march to dinner - and then to thinking! (Henry Hazlitt Quotes)
When your money is taken by a thief, you get nothing in return. When your money is taken through taxes to support needless bureaucrats, precisely the same situation exists. We are lucky, indeed, if the needless bureaucrats are mere easy-going loafers. They are more likely today to be energetic reformers busily discouraging and disrupting production. (Henry Hazlitt Quotes)
The real solution to the problem of poverty consists in finding how to increase the employment and earning power of the poor. (Henry Hazlitt Quotes)
There is a profound contrast between the effects of foreign aid and of voluntary private investment: foreign aid goes from government to government. It is therefore almost inevitably statist and socialistic. (Henry Hazlitt Quotes)
Government-to-government aid rests on socialistic assumptions and promotes socialism and stagnation, whereas private foreign investment rest on capitalist assumptions and promotes private enterprise and maximum economic growth. (Henry Hazlitt Quotes)
Government provided free tuition tends more and more to produce a uniform conformist education, with college faculties ultimately dependent for their jobs on the government, and so developing an economic interest in profession and teaching a statist, pro-government, and socialist ideology. (Henry Hazlitt Quotes)
The envious are not satisfied with equality; they secretly yearn for superiority and revenge. In the French Revolution of 1848, a woman coal-heaver is said to have remarked to a richly dressed lady: ‘Yes, madam, everything’s going to be equal now; I shall go in silks and you’ll carry coal.’ (Henry Hazlitt Quotes)
A vital function of the free market is to penalize inefficiency and misjudgment and to reward efficiency and good judgment. By distorting economic calculations and creating illusory profits, inflation will destroy this function. (Henry Hazlitt Quotes)
Economic progress and justice do not consist in superbly equalized destitution, but in the constant creation of more and more goods and services, of more and more wealth and income to be shared. (Henry Hazlitt Quotes)
A Day never passes without some ardent reformer or group of reformers suggesting some new government intervention, some new statist scheme to fill some alleged ‘need’ or relieve some alleged distress. (Henry Hazlitt Quotes)
..either immediately or ultimately every dollar of government spending must be raised through a dollar of taxation. Once we look at the matter. In this way, the supposed miracles of government spending will appear in another light. (Henry Hazlitt Quotes)
Everywhere the means is erected into the end, and the end itself is forgotten (Henry Hazlitt Quotes)
Government can’t give us anything without depriving us of something else (Henry Hazlitt Quotes)
Economics is haunted by more fallacies than any other study known to man (Henry Hazlitt Quotes)
Today is already the tomorrow which the bad economist yesterday urged us to ignore (Henry Hazlitt Quotes)
The future of human liberty... means the future of civilization (Henry Hazlitt Quotes)
There is no more certain way to deter employment than to harass and penalize employers (Henry Hazlitt Quotes)
Need is not demand. Effective economic demand requires not merely need but corresponding purchasing power (Henry Hazlitt Quotes)
Yet it ought to be clear that a minimum wage law is, at best, a limited weapon for combatting the evil of low wages, and that the possible good to be achieved by such a law can exceed the possible harm only in proportion as its aims are modest. The more ambitious such a law is, the larger the number of workers it attempts to cover, and the more it attempts to raise their wages, the more likely are its harmful effects to exceed its good effects (Henry Hazlitt Quotes)
The question is not whether we wish to see everybody as well off as possible. Among men of good will such an aim can be taken for granted. The real question concerns the proper means of achieving it. And in trying to answer this we must never lose sight of a few elementary truisms. We cannot distribute more wealth than is created. We cannot in the long run pay labor as a whole more than it produces (Henry Hazlitt Quotes)
The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups (Henry Hazlitt Quotes)
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