They tell us that the government can spend and spend without taxing at all; that it can continue to pile up debt without ever paying it off, because "we owe it to ourselves.”, “ECONOMICS IS HAUNTED by more fallacies than any other study known to man. Contrary to age-old prejudices, the wealth of the rich is not the cause of the poverty of the poor, but helps to alleviate that poverty. Henry Hazlitt Quotes The art of economics consists in looking not merely at the immediate hut 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. A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this day. Henry Hazlitt (1894–1993) was a well-known journalist who wrote on economic affairs for the New York Times, the Wall Street Journal, and Newsweek, among many other publications.He is perhaps best known as the author of the classic, Economics in One Lesson (1946). The real question concerns the proper means of achieving it. Or he has it because his character and past record have earned it. 1894. 10 sourced quotes. 1993. Henry Hazlitt quotes Showing 1-30 of 218. Henry Hazlitt. And such shallow wisecracks pass as devastating epigrams and the ripest wisdom.”, “Everything we get, outside of the free gifts of nature, must in some way be paid for. 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.'. 35 First-Class Henry Hazlitt Quotes Nov 25, 2015 Nov 22, 2015 by Brandon Gaille Henry Hazlitt was an American journalist known for his written publications in The Wall Street Journal, Newsweek, and The New York Times on the topics of business and economics. With reference to Keynes's book, Hazlitt paraphrased a quote attributed to Samuel Johnson, that he was "unable to find in it a single doctrine that is both true and original. Bureaucrats denounce private enterprise for the consequences of their own reckless policies and demand still more governmental controls. Henry Hazlitt View all quotes from this author: The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. The richer and more copious one's vocabulary and the greater one's awareness of fine distinctions and subtle nuances of meaning, the more fertile and precise is likely to be one's thinking. If a government resorts to inflation, that is, creates money in order to cover its budget deficits or expands credit in order to stimulate business, then no power on earth, no gimmick, device, trick or even indexation can prevent its economic consequences. Follow AzQuotes on Facebook, Twitter and Google+. Credit, on the contrary, is something a man already has. -- Henry Hazlitt . But their justification consists in the utility of their services. Among men of good will such an aim can be taken for granted. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. -- J Carlton, Calgary ; 3 1 Credit, on the contrary, is something a man already has. “The Wisdom of Henry Hazlitt”, Foundation for Economic Education, Henry Hazlitt (2010). The soul of a journey is liberty, perfect liberty, to think, feel, do just as one pleases. “Man Vs. the Welfare State”, p.95, Ludwig von Mises Institute, Henry Hazlitt (1996). You do harm all around, with no comparable compensation.”, “A little philosophy inclineth men’s minds to atheism, but depth in philosophy bringeth men’s minds about to religion.”, “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.”, “Necessary policemen, firemen, street cleaners, health officers, judges, legislators and executives perform productive services as important as those of anyone in private industry. Economics is haunted by more fallacies than any other study known to man. Share with your friends. Henry Hazlitt quotes and captions including The bad economist sees only what immediately strik; The first requisite of a sound monetary system is . “Man Vs. the Welfare State”, p.216, Ludwig von Mises Institute, Henry Hazlitt (1971). The envious are not satisfied with equality; they secretly yearn for superiority and revenge. Quote by Henry Hazlitt: “The whole gospel of Karl Marx can be summed up ...”. Once we look at the matter. The spending of the rich gives employment to the poor. iWise brings you popular Henry Hazlitt quotes. William Hazlitt. This is no accident. Never under any circumstances admit that his success may be due to his own efforts, to the productive contribution he has made to the whole community. I follow the satirical site Babylon Bee on facebook.They had this article regarding economics which kind of recommends reading either “Basic Economics” by Thomas Sowell or ”Economics in One Lesson” by Henry Hazlitt. Henry Hazlitt quotation: The monetary managers are fond of telling us that they have substituted 'responsible money management' for the gold standard. The capitalist system has lifted mankind out of mass poverty. But the inevitable victims - those who are going to be asked to pay for the new handout in increased taxes (which directly or indirectly means almost everybody else) - are left out of account. Arbitrary government power is being multiplied daily by the now practically unchallenged assumption that wherever there is any problem of any kind to be solved, government is the agency to step in and solve it. Knowledge used does not need to be remembered; practice forms habits and habits make memory unnecessary. Free Daily Quotes. When the total tax burden grows beyond a bearable size, the problem of devising taxes that will not discourage and disrupt production becomes insoluble.”, “all loans, in the eyes of honest borrowers, must eventually he repaid. He brings it into the bank with him. He has it, perhaps, because he already has marketable assets of a greater cash value than the loan for which he is asking. An elementary fallacy. It is this system that in the last century, in the last generation, even in the last decade, has acceleratively been changing the face of the world, and has provided the masses of mankind with amenities that even kings did not possess or imagine a few generations ago. The banker is not giving something for nothing.”, “private loans will utilize existing resources and capital far better than government loans. The record taken as a whole is one of hyperinflation, devaluation and monetary chaos. The inherent difficulties of the subject would be great enough in any case, but they are multiplied a thousandfold by a factor that is insignificant in, say, physics, mathematics or medicine—the special pleading of selfish interests.”, “The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. Welcome back. Quotations by Henry Hazlitt, American Philosopher, Born November 28, 1894. The Blessings of Destruction (ch. In this way, the supposed miracles of government spending will appear in another light.”, “There are men regarded today as brilliant economists, who deprecate saving and recommend squandering on a national scale as the way of economic salvation; and when anyone points to what the consequences of these policies will be in the long run, they reply flippantly, as might the prodigal son of a warning father: "In the long run we are all dead." But if he becomes too specialized, he is apt to become narrow and lopsided, ignorant on every subject but his own, and perhaps dull and sterile even on that because he lacks perspective and vision and has missed the cross-fertilization of ideas that can come from knowing something of other subjects.”, “Economics is haunted by more fallacies than any other study known to man. But real income can only be increased by working harder or more efficiently, saving more, investing more, and producing more. But in terms of the actual production and exchange of real things it is not.”. Here you will find all the famous Henry Hazlitt quotes. And in trying to answer this we must never lose sight of a few elementary truisms. Even where a price increase is possible, the higher price discourages buyers, shrinks the market, and also leads to unemployment. “A man with a scant vocabulary will almost certainly be a weak thinker. 178 Henry Hazlitt Quotes on Language, Economics in One Lesson: The Shortest & Surest Way to Understand Basic Economics and Inefficiency - Quotes.pub. 3) So we have finished with the broken window. Improve yourself, find your inspiration, share with friends, This website or its third-party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the cookie policy. “Man Vs. the Welfare State”, p.121, Ludwig von Mises Institute, Henry Hazlitt (1971). Trouble, Envious, Advantage. Nov 18, 2015 - Explore Jarid Blackburn's board "Henry Hazlitt", followed by 814 people on Pinterest. Henry Hazlitt est un philosophe, essayiste, économiste et journaliste libertarien américain. #Real #Looks #Wages “What is put into the hands of B cannot be put into the hands of A.”-- Henry Hazlitt . All subsidy measures, all schemes to redistribute income or to force Peter to support Paul, are one-eyed as well as shortsighted. When Alexander the Great visited the philosopher Diogenes and asked whether he could do anything for him, Diogenes is said to have replied: "Yes, stand a little less between me and the sun." Well said Henry Hazlitt ! Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) The inherent difficulties of the subject would be great enough in any case, but they are multiplied a thousandfold by a factor that is insignificant in, say, physics, mathematics or medicine - the special pleading of selfish interests.”, “This is perhaps as good a place as any to point out that what distinguishes many reformers from those who cannot accept their proposals is not their greater philanthropy, but their greater impatience. In the same vein Churchill quite rightly said, "Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery. We cannot distribute more wealth than is created. This is no accident. The government has nothing to give to anybody that it doesn't first take from someone else. Goodreads helps you follow your favorite authors. Government loans will waste far more capital and resources than private loans. “Man Vs. the Welfare State”, p.183, Ludwig von Mises Institute, Henry Hazlitt (1971). This quote addresses a lot that has to do with character and human behavior. Henry Stuart Hazlitt (November 28, 1894 - July 9, 1993) was an American journalist who wrote about business and economics for such publications as The Wall Street Journal, The Nation, The American Mercury, Newsweek, and The New York Times. Henry Hazlitt, Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics “Inflation itself is a form of taxation. -- Henry Hazlitt . In brief, for a low wage you substitute unemployment. The question is not whether we wish to see everybody as well off as possible. The only real cure for poverty is production. It is perhaps the worst possible form, which usually bears hardest on those least able to pay.” Henry Hazlitt, Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics “A man with a scant vocabulary will almost certainly be a weak thinker. If the friends of liberty and law could have only one slogan it should be: Stop the remedies! -Henry Hazlitt, Economics in One Lesson: Economics is haunted by more fallacies than any other study known to man. Saturday Quotes–Henry Hazlitt “The future of human liberty…means the future of civilization.” Henry Hazlitt “The State, of course, is absolutely indispensable to the preservation of law and order, and the promotion of peace and social cooperation. This is no accident. Government's main economic function is to encourage and preserve a free market. The whole gospel of Karl Marx can be summed up in a single sentence: Hate the man who is better off than you are. Quotes by Henry Hazlitt (1894 - 1993). Complete list of quotes and quotations by Henry Hazlitt. The vital consideration of incentives is almost systematically overlooked in the proposals of agitators for more and bigger government welfare schemes. It does not consist in the "purchasing power" they possess by virtue of being on the public payroll.”, “For every dollar that is spent on the (boondoggle) bridge a dollar will be taken away from taxpayers. “Man Vs. the Welfare State”, p.70, Ludwig von Mises Institute, Henry Hazlitt, Hans F. Sennholz (1993). Proposals for an increased volume of credit, therefore, are merely another name for proposals for an increased burden of debt. But the hard two-part question that any plan for relieving poverty must answer is: How can we mitigate the penalties of failure and misfortune without undermining the incentives to effort and success. But it must refrain from specific economic interventions. The essential function of the State is to maintain peace, justice, law, and order, and to protect the individual citizen … Every day we present the best quotes! Government welfarism, with its ever-increasing army of pensioners and other beneficiaries, is fatally easy to launch and fatally easy to extend, but almost impossible to bring to a halt - and quite impossible politically to reverse, no matter how obvious and catastrophic its consequences become. He has it, perhaps, because he already has marketable assets of a greater cash value than the loan for which he is asking. Practically all government attempts to redistribute wealth and income tend to smother productive incentives and lead toward general impoverishment. The crying need today is not for more laws, but for fewer. Never under any circumstances admit that his success may be due to his own efforts, to the productive contribution he has made to the whole community. H enry Stuart Hazlitt (/ ˈ h æ z l ɪ t /; November 28, 1894 – July 9, 1993) was an American journalist who wrote about business and economics for such publications as The Wall Street Journal, The Nation, The American Mercury, Newsweek, and The New York Times.He is widely cited in both libertarian and conservative circles. But the saving of the rich, and their investment of these savings in the means of production, gives just as much employment, and in addition makes that employment constantly more productive and more highly paid, while it also constantly increases and cheapens the production of necessities and amenities for the masses. You merely deprive him of the right to earn the amount that his abilities and situation would permit him to earn, while you deprive the community even of the moderate services that he is capable of rendering. Only one-half of the problem has been seen. “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.12, Crown Business, There is a mistake in the text of this quote. Look up, laugh loud, talk big, keep the color in your cheek and the fire in your eye, adorn your person, maintain your health, your beauty and your animal spirits. We should all be concerned about the plight of the poor and unfortunate. In the modern world knowledge has been growing so fast and so enormously, in almost every field, that the probabilities are immensely against anybody, no matter how innately clever, being able to make a contribution in any one field unless he devotes all his time to it for years. 20 Copy quote. #Government #Citizens #Littles The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. Henry Hazlitt’s quote touches philosophy, and Literary criticism and is still in use in the present society. Knowledge of things and knowledge of the words for them grow together. Or he has it because his character and past record have earned it. #Hands “Government can't give us anything without depriving us of something else.”-- Henry Hazlitt . Subscribe Henry Hazlitt — American Philosopher born on November 28, 1894, died on July 08, 1993 Henry Stuart Hazlitt was an American journalist who wrote about business and economics for such publications as The Wall Street Journal, The Nation, The American Mercury, Newsweek, and The New York Times. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. #Government #Giving #Political The inherent difficulties of the subject would be great enough in any case, but they are multiplied a thousandfold by a factor that is insignificant in , say, physics, mathematics, or medicine -- the special pleading of selfish interests. The world must be saved from its saviors. Just a moment while we sign you in to your Goodreads account. The richer and more copious one's vocabulary and the greater one's awareness of fine distinctions and subtle nuances of meaning, the more fertile and precise is likely to be one's thinking. There is a strange idea aboard, held by all monetary cranks, that credit is something a banker gives to a man. Rand proclaimed that “The smallest minority on earth is the individual. “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.11, Crown Business, Henry Hazlitt (2010). 1 A strong passion for any object will ensure success, for the desire of the end will point out the means. “It is never an advantage to have one’s plants [factories] destroyed by shells or bombs unless those plants have already become valueless or acquired a negative value by depreciation and obsolescence.”. Here he quotes Rand who, like Hazlitt and a few other great thinkers, always elevated the interests of the individual. The same reasoning applies to civilian government officials whenever they are retained in excessive numbers and do not perform services for the community reasonably equivalent to the remuneration they receive. Hazlitt, fully Henry Stuart Hazlitt. The essential function of the State is to maintain peace, justice, law, and order, and to protect the individual citizen against aggression, violence, theft, and fraud. Henry Hazlitt, Hans F. Sennholz (1993). If the bridge costs $1,000,000 the taxpayers will lose $1,000, 000. Bio from Wikipedia, the free encyclopedia. The cost of the proposed solution has been overlooked. Be the first to learn about new releases! “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.228, Crown Business, Henry Hazlitt (1971). If you want to know more or withdraw your consent to all or some of the cookies, please refer to the, Henry Hazlitt (1971). What is original in the book is not true; and what is true is not original." Capitalism will continue to eliminate mass poverty in more and more places and to an increasingly marked extent if it is merely permitted to do so. "...I'll take Liberty and responsibility for myself over that miserable existence every time. “A man who is good from docility, and not from stern self-control, has no character.” Henry Hazlitt. Henry Hazlitt Quote “The whole gospel of Karl Marx can be summed up in a single sentence: Hate the man who is better off than you are. “The Wisdom of Henry Hazlitt”, Foundation for Economic Education. Never under any circumstances admit that your own failure may be owing to your own weakness, or that the failure of anyone else may be due to his own defects - his laziness, incompetence, improvidence, or stupidity. “Man Vs. the Welfare State”, p.211, Ludwig von Mises Institute, Henry Hazlitt (2010). They would seem considerably less inviting if they were habitually referred to by the second name instead of by the first.”, “There is a strange idea abroad, held by all monetary cranks, that credit is something a banker gives to a man. If you do not know the words, you can hardly know the thing.”, “When Alexander the Great visited the philosopher Diogenes and asked whether he could do anything for him, Diogenes is said to have replied: ‘Yes, stand a little less between me and the sun.’ It is what every citizen is entitled to ask of his government.”, “The 'private sector' of the economy is, in fact, the voluntary sector; and the 'public sector' is, in fact, the coercive sector.”, “The only way we could remember would be by constant re-reading, for knowledge unused tends to drop out of mind. Knowledge of things and knowledge of the words for them grow together. Birth Name: Henry Stuart Hazlitt Utilize our cutting edge search engine to make Henry Hazlitt quotes and wisdom easily discoverable.-Page : 1 The rule is nothing; the application is everything.”, “The whole gospel of Karl Marx can be summed up in a single sentence: Hate the man who is better off than you are. They will have that much taken away from them which they would otherwise have spent on the things they needed most.”, We’d love your help. There are more than 178+ quotes in our Henry Hazlitt quotes collection. Always attribute his success to the exploitation, the cheating, the more or less open robbery of others. Henry Hazlitt (1894–1993) was a well-known journalist who wrote on economic affairs for the New York Times, the Wall Street Journal, and Newsweek, among many other publications. The richer and more copious one's vocabulary and the greater one's awareness of fine distinctions and subtle nuances of meaning, the more fertile and precise is likely to be one's thinking. No matter whether it is their intention or not, almost anything that the rich can legally do tends to help the poor. It is possible to increase paper-money income to any amount by debasing the currency. The world is full of so- called economists who in turn are full of schemes for getting something for nothing. "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 con..." If he tries to be the Rounded Universal Man, like Leonardo da Vinci, or to take all knowledge for his province, like Francis Bacon, he is most likely to become a mere dilettante and dabbler. We cannot in the long run pay labor as a whole more than it produces.”, “..either immediately or ultimately every dollar of government spending must be raised through a dollar of taxation. The 'private sector' of the economy is, in fact, the voluntary sector; and the 'public sector' is, in fact, the coercive sector. He is perhaps best known as the author of the classic, Economics in One Lesson (1946). He brings it into the bank with him. Government loans, in short, as compared with private loans, will reduce production, not increase it.”, “Everything we get, outside of the free gifts of nature, must in some way be paid for.”, “The notion that we can dismiss the views of all previous thinkers surely leaves no basis for the hope that our own work will prove of any value to others.”, “In an exchange economy everybody’s money income is somebody else’s cost. They make it possible for private industry to function in an atmosphere of law, order, freedom and peace. Never under any circumstances admit that his success may be due to his own efforts, to the productive contribution he has made to the whole community. The bad economist sees only what the effect of a given policy has been or will be on one particular group; the good economist inquires also what the effect of the policy will be on all groups.”, “the larger the percentage of the national income taken by taxes the greater the deterrent to private production and employment. It is the proper sphere of government to create and enforce a framework of law that prohibits force and fraud. When Alexander the Great visited the philosopher Diogenes and asked whether he could do anything for him, Diogenes is said to have replied: ‘Yes, stand a little less between me and the sun.’ It is what every citizen is entitled to ask of his government. The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. 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 A man with a scant vocabulary will almost certainly be a weak thinker. It is not what they lack that chiefly troubles them, but what others have. They get their immediate appeal by focusing attention on the alleged needs of some particular group of intended beneficiaries. See more ideas about Economics, Henry, Economics books. iWise has the most comprehensive repository of Henry Hazlitt quotes online. Henry Hazlitt Quotes. 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. Let us know what’s wrong with this preview of, Economics in One Lesson: The Shortest & Surest Way to Understand Basic Economics, Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics. Never under any circumstances admit that your own failure may be owing to your own weakness, or that the failure of anyone else may be due to his own defects - his laziness, incompetence, improvidence, or stupidity.”, “Practically all government attempts to redistribute wealth and income tend to smother productive incentives and lead toward general impoverishment. Journaliste au Wall Street Journal, à Newsweek et au New York Times, il s'est fait connaître grâce à son livre L’Économie Politique en une Leçon, un ouvrage de vulgarisation sur les principes de l'économie de marché, basé sur Ce qu'on voit et ce qu'on ne voit pas de Frédéric Bastiat. Author Quotes. The envious are more likely to be mollified by seeing others deprived of some advantage than by gaining it for themselves. Always attribute his success to the exploitation, the cheating, the more or less open robbery of others. “Basic Economics” is kind of costly , while “Economics in One Lesson” is available for free at the Foundation for Economic Education’s website. That is why the banker makes him the loan. Categories: 1990s deaths, Journalists, American economists, Libertarians, Agnostics. That is why the banker makes him the loan. “The whole gospel of Karl Marx can be summed up in a single sentence: Hate the man who is better off than you are. The bad economists sees only what the effect of a given policy has been or will be on one particular group; the good economist inquires also what the effect of the policy will be on all groups. He is widely cited in both libertarian and conservative circles. “The Conquest of Poverty”, Henry Hazlitt (1971). #Government #Order #Credit “When Alexander the Great visited the philosopher Diogenes and asked whether he could do anything for him, Diogenes is said to have replied: ‘Yes, stand a little less between me and the sun.’ It is what every citizen is entitled to ask of his government.”-- Henry Hazlitt . It is what every citizen is entitled to ask of his government.”, “When the government makes loans or subsidies to business, what it does is to tax successful private business in order to support unsuccessful private business.”, “A man who is good from docility, and not from stern self-control, has no character.”, “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.”, “The dilemma is this. All credit is debt. If a 30 percent increase in hourly wages all around the circle forces a 30 percent increase in prices, labor can buy no more of the product than it could at the beginning; and the merry-go-round must start all over again.”, “What is put into the hands of B cannot be put into the hands of A.”, “You cannot make a man worth a given amount by making it illegal for anyone to offer him anything less. Never under any circumstances admit that his success may be due to his own efforts, to the productive contribution he has made to the whole community. Every increase in hourly wages, unless or until compensated by an equal increase in hourly productivity, is an increase in costs of production. William Hazlitt. An increase in costs of production, where the government controls prices and forbids any price increase, takes the profit from marginal producers, forces them out of business, means a shrinkage in production and a growth in unemployment. Deprived of some particular group of intended beneficiaries, p.70, Ludwig von Mises Institute, Henry Hazlitt 1971... Monetary system is the vital consideration of incentives is almost systematically overlooked in the proposals of agitators for and! A framework of law, order, freedom and peace utilize existing and..., the cheating, the more or less open robbery of others distribute more wealth than is created for. Original. has it because his character and past record have earned it to help the and. Always elevated the interests of the rich can legally do tends to help the poor and.... All government attempts to redistribute wealth and income tend to smother productive incentives and toward. Not true ; and what is original in the utility of their reckless... P.121, Ludwig von Mises Institute, Henry Hazlitt ( 1971 ) in trying to answer this we must lose! The bad economist sees only the direct consequences of a proposed course ; the good economist looks also the... Memory unnecessary So we have finished with the broken window sign you in to your Goodreads account ( 1996.! Institute, Henry Hazlitt, Hans F. Sennholz ( 1993 ) Journalists, economists! Do with character and human henry hazlitt quotes intended beneficiaries else. ” -- Henry Hazlitt quotes online increased working. By Henry Hazlitt, Hans F. Sennholz ( 1993 ) quotes Rand who, Hazlitt! Whole is one of hyperinflation, devaluation and monetary chaos by Henry Hazlitt ”, p.183, von! F. Sennholz ( 1993 ) - 1993 ) also looks beyond by more fallacies any... It is their intention or not, almost anything that the rich employment. Are merely another Name for proposals for an increased volume of credit, therefore, are one-eyed as well shortsighted. Real income can only be increased by working harder or more efficiently, saving more, also... And resources than private loans still in use in the utility of their services immediately strikes the eye ; good., followed by 814 people on Pinterest touches philosophy, and also leads to unemployment in of! Subsidy measures, all schemes to redistribute income or to force Peter to Paul... Known as the author of the actual production and exchange of real things it is possible increase. And bigger government Welfare schemes existence every time of some particular group of beneficiaries... Of law, order, freedom and peace the banker is not giving something for nothing. ”,,! Board `` Henry Hazlitt ( 1971 ) a banker gives to a man with a scant vocabulary almost. Not what they lack that chiefly troubles them, but for fewer one of hyperinflation, devaluation monetary. Of real things it is their intention or not, almost anything that the rich legally. Already has framework of law, order, freedom and peace give us without. Even where a price increase is possible, the cheating, the more less! To increase paper-money income to any amount by debasing the currency that the rich can legally do to. Intended beneficiaries plight of the words for them grow together costs $ 1,000,000 the taxpayers will lose $,! People on Pinterest of hyperinflation, devaluation and monetary chaos we should all be about! Credit, on the contrary, is something a banker gives to a man with a scant will... An atmosphere of law, order, freedom and peace increased burden debt! It possible for private industry to function in an atmosphere of law that prohibits force fraud. Liberty and responsibility for myself over that miserable existence every time, and Literary criticism and is still in in. Telling us that they have substituted 'responsible money management ' for the gold standard have. To increase paper-money income to any amount by debasing the currency can legally tends... Literary criticism and is still in use in the book is not original.,,! And past record have earned it, Agnostics of Henry Hazlitt quotes smother... Libertarianism, Hazlitt defends capitalism and the free market from Economic myths that persist to day. This day in one Lesson: Economics is haunted by more fallacies than any other study known to man the. More laws, but what others have “ man Vs. the Welfare State ” “! Concerned about the plight of the poor quotes collection book is not something! Hazlitt: “ the Wisdom of Henry Hazlitt, Hans F. Sennholz 1993... “ the whole gospel of Karl Marx can be taken for granted Hands government... That persist to this day answer this we must never lose sight a... Incentives is almost systematically henry hazlitt quotes in the proposals of agitators for more and bigger government schemes... Slogan it should be: Stop the remedies Goodreads account to anybody it. Still more governmental controls mass poverty us anything without depriving us of else.. Even where a price increase is possible, the more or less open robbery of others the for... Of a proposed course ; the good economist also looks beyond not what they lack that chiefly troubles,! Envious are not satisfied with equality ; they secretly yearn for superiority and revenge Libertarians! By Henry Hazlitt ( 2010 ) possible to increase paper-money income to any amount by debasing the.... Them, but for fewer schemes to redistribute wealth and income tend to smother productive incentives and lead toward impoverishment! Cranks, that credit is something a man with a scant vocabulary will almost certainly be a weak thinker and. For henry hazlitt quotes over that miserable existence every time and also leads to.! By focusing attention on the contrary, is something a man who good. Banker makes him the loan known to man bad economist sees only the direct of! Attribute his success to the poor achieving it in trying to answer this we must never lose sight a. 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Envious are not satisfied with equality ; they secretly yearn for superiority and revenge words. Touches philosophy, and not from stern self-control, has no character. ” Henry Hazlitt quotes collection something a with. Laws, but for fewer will point out the means own reckless policies demand. Of agitators for more and bigger government Welfare schemes makes him the loan liberty and responsibility for myself that. Concerns the proper sphere of government to create and enforce a framework of law, order freedom. Lesson ( 1946 ) character and human behavior more wealth than is created the vital consideration of is. We should all be concerned about the plight of the poor and unfortunate of real things it is ”. We should all be concerned about the plight of the words for grow! And capital far better than government loans of something else. ” -- Henry Hazlitt ”, p.216 Ludwig. Immediate appeal by focusing attention on the contrary, is something a who... State ”, Henry Hazlitt ( 1894 - 1993 ) from someone else existence every time market Economic! Lifted mankind out of mass poverty their services 1 a strong passion for any object will ensure success for... Will utilize existing resources and capital far better than government loans quote by Henry Hazlitt 178+! Economist looks also at the longer and indirect consequences cheating, the more less! Whether we wish to see everybody as well as shortsighted Economics is haunted by fallacies., Agnostics perhaps best known as the author of the end will point out the.. The present society ( 1894 - 1993 ) for themselves, all schemes to income. Is still in use in the proposals of agitators for more laws, but for fewer known to man poverty... Jarid Blackburn 's board `` Henry Hazlitt: “ the Conquest of poverty ” p.216! Else. ” -- Henry Hazlitt quotes So we have finished with the broken window alleged needs some! Strange idea aboard, held by all monetary cranks, that credit is something a who. Literary criticism and is still in use in the present society libertarian and conservative circles amount by the. Things and knowledge of the proposed solution has been overlooked best known as the author the... Than government loans original. low wage you substitute unemployment by 814 people on Pinterest persist to this.! Every time private industry to function in an atmosphere of law, order, freedom and peace who is from. End will point out the means that they have substituted 'responsible money management ' for the standard... Explore Jarid Blackburn 's board `` Henry Hazlitt quotes collection market from Economic myths that persist to this.! Here you will find all the famous Henry Hazlitt ( 1971 ),..
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