Henry Hazlitt Quotes - Page 3

Quotes about:

• Today is already the tomorrow which the bad economist yesterday urged us to ignore.

  Henry Hazlitt

  Yesterday, Today, Tomorrow

  Henry Hazlitt (2010). “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.13, Crown Business

  15 Copy quote

• Once the premise is accepted that poverty is never the fault of the poor but the fault of 'society,' or of 'the capitalist system, then there is no definable limit to be set on relief, and the politicians who want to be elected or reelected will compete with each other in proposing new 'welfare' programs to fill some hitherto 'unmet need.'

  Henry Hazlitt

  Welfare Programs, Relief, Needs

  Henry Hazlitt, Hans F. Sennholz (1993). “The Wisdom of Henry Hazlitt”, Foundation for Economic Education

  4 Copy quote

• 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

  Confused, America, Enemy

  7 Copy quote

• One of the worst features of all the plans for sharing wealth and equalizing or guaranteeing incomes is that they lose sight of the conditions and institution s that are necessary to create wealth and income in the first place.

  Henry Hazlitt

  Sight, Income, Firsts

  Henry Hazlitt (1971). “Man Vs. the Welfare State”, p.95, Ludwig von Mises Institute

  7 Copy quote

• 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

  Welfare Programs, Issues, Paper

  Henry Hazlitt (1971). “Man Vs. the Welfare State”, p.184, Ludwig von Mises Institute

  6 Copy quote

• If there is to be no loss whatever of dignity or self-respect in getting and staying on relief, then there can be no gain in dignity or self-respect in makings some sacrifices to keep off.

  Henry Hazlitt

  Sacrifice, Loss, Self

  Henry Hazlitt (1996). “The Conquest of Poverty”

  4 Copy quote

• Prolonged inflation never 'stimulates' the economy. On the contrary, it unbalances, disrupts, and misdirects production and employment.

  Henry Hazlitt

  Employment, Economy, Inflation

  6 Copy quote

• Government can't give us anything without depriving us of something else.

  Henry Hazlitt

  Government, Giving, Political

  14 Copy quote

• The superior freedom of the capitalist system, its superior justice, and its superior productivity are not three superiorities, but one. The justice follows from the freedom and the productivity follows from the freedom and the justice.

  Henry Hazlitt

  Justice, Three, Capitalist

  6 Copy quote

• Liberty is the essential basis, the sine qua non, of morality.

  Henry Hazlitt

  Liberty, Essentials, Morality

  14 Copy quote

• 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

  Age, Prejudice, Poverty

  Henry Hazlitt (1996). “The Conquest of Poverty”

  9 Copy quote

• The proposal is frequently made that the government ought to assume the risks that are "too great for private industry." This means that bureaucrats should be permitted to take risks with the tax payer's money that no one is willing to take with his own.

  Henry Hazlitt

  Mean, Government, Risk

  Henry Hazlitt (2010). “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.41, Crown Business

  7 Copy quote

• Inflation is a form of tax, a tax that we all collectively must pay.

  Henry Hazlitt

  Pay, Form, Taxes

  20 Copy quote

• 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.

  Henry Hazlitt

  Army, Government, Matter

  12 Copy quote

• Socialists will often talk as if some form of superbly equalized destitution were preferable to "maldistributed" plenty. A national income that is rapidly growing in absolute terms for practically everyone will be deplored because it is making the rich richer.

  Henry Hazlitt

  Income, Growing, Rich

  Henry Hazlitt (1996). “The Conquest of Poverty”

  7 Copy quote

• Would-be income guarantors ignore or despise the capitalistic system that makes their dreams dreamable and gives their redistribute-the-income proposals whatever plausibility they have.

  Henry Hazlitt

  Dream, Giving, Would Be

  Henry Hazlitt (1983). “Man vs. the welfare state”, Univ Pr of Amer

  7 Copy quote

• 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

  Taken, Support, Thieves

  Henry Hazlitt (2010). “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.69, Crown Business

  8 Copy quote

• Everything we get, outside of the free gifts of nature, must in some way be paid for. The world is full of so- called economists who in turn are full of schemes for getting something for nothing. 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."

  Henry Hazlitt

  Philosophy, Government, Free Gifts

  6 Copy quote

• Competition always tends to bring about the most economical and efficient method of production. Those who are most successful in this competition will acquire more capital to increase their production still further; those who are least successful will be forced out of the field. So capitalist production tends constantly to be drawn into the hands of the most efficient.

  Henry Hazlitt

  Successful, Hands, Competition

  7 Copy quote

• In a thousand fields the welfarists, statists, socialists, and interventionists are daily driving for more restrictions on individual liberty.

  Henry Hazlitt

  Liberty, Fields, Driving

  Henry Hazlitt (1971). “Man Vs. the Welfare State”, p.200, Ludwig von Mises Institute

  4 Copy quote

• There can be little doubt that many egalitarians are motivated at least partly by envy.

  Henry Hazlitt

  Envy, Doubt, Littles

  Henry Hazlitt, Hans F. Sennholz (1993). “The Wisdom of Henry Hazlitt”, Foundation for Economic Education

  4 Copy quote

• The most obvious and yet the oldest and most stubborn error on which the appeal of inflation rests is that of confusing ‘money’ with ‘wealth’…Real wealth, of course, consists in what is produced and consumed: the food we eat, the clothes we wear, the houses we live in. It is railways and roads and motor cars; ships and planes and factories; schools and churches and theaters; pianos, paintings and books. Yet so powerful is the verbal ambiguity that confuses money with wealth, that even those who at times recognize the confusion will slide back into it in the course of their reasoning.

  Henry Hazlitt

  Powerful, Real, Book

  7 Copy quote

• The monetary managers are fond of telling us that they have substituted 'responsible money management' for the gold standard. But there is no historic record of responsible paper money management ... The record taken, as a whole is one of hyperinflation, devaluation and monetary chaos.

  Henry Hazlitt

  Taken, Liberty, Gold

  14 Copy quote

• The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. 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

  Henry Hazlitt

  Eye, Groups, Looks

  Henry Hazlitt (2010). “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.12, Crown Business

  9 Copy quote

• Modern capitalism benefited the masses in a double way - both by greatly increasing the wages of the masses of workers and greatly reducing the real prices they had to pay for what was produced.

  Henry Hazlitt

  Real, Wages, Pay

  Henry Hazlitt, Hans F. Sennholz (1993). “The Wisdom of Henry Hazlitt”, Foundation for Economic Education

  6 Copy quote

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