Henry HazlittEconomics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would be great enough in any case, but they… ▶343Truth
Henry HazlittGovernment-to-government foreign aid promotes statism, centralized planning, socialism, dependence, pauperization, inefficiency, and waste. It prolongs the poverty it is designed … ▶322PhilosophyPolitics
Henry HazlittIf 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 gim… ▶377Politics
Henry HazlittA man who is good from docility, and not from stern self-control, has no character. ✨ Henry Hazlitt (1922). The Way to Will-power355Politics
Henry HazlittWhat is put into the hands of B cannot be put into the hands of A. ✨ Henry Hazlitt (2010). Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics… ▶344Humor
Henry HazlittIt is often sadly remarked that the bad economists present their errors to the public better than the good economists present their truths. It is often complained that demagogues … ▶378SadnessTimeTruth
Henry HazlittIf precious metals had been abundant, they would not have been precious. ✨ Henry Hazlitt (1959). The failure of the new economics: an analysis of the Keynesian fallacies356Humor
Henry HazlittThe 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 me… ▶378Humanity
Henry HazlittThe first requisite of a sound monetary system is that it put the least possible power over the quantity or quality of money in the hands of the politicians.281Politics
Henry HazlittWhen 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 an… ▶358Politics
Henry HazlittIn practice [monetary management] is merely a high-sounding euphemism for continuous currency debasement. It consists of constant lying in order to support constant swindling. Ins… ▶282HopeHumanityThought
Henry HazlittTo try to cure unemployment by inflation rather than by adjustment of specific wage-rates is like trying to adjust the piano to the stool rather than the stool to the piano. 326Humor
Henry HazlittThere is no more certain way to deter employment than to harass and penalize employers. ✨ Henry Hazlitt (2010). Economics in One Lesson: The Shortest and Surest Way to Under… ▶295Reading
Henry HazlittThe 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 habit… ▶251ReadingThought
Henry HazlittThe mounting burden of taxation not only undermines individual incentives to increased work and earnings, but in a score of ways discourages capital accumulation and distorts, unb… ▶251Philosophy
Henry HazlittThe 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 g… ▶295Humor
Henry HazlittThe great merit of gold is precisely that it is scarce; that its quantity is limited by nature; that it is costly to discover, to mine, and to process; and that it cannot be creat… ▶3310Politics
Henry HazlittWhen the government makes loans or subsidies to business, what it does is to tax successful private business in order to support unsuccessful private business. ✨ Henry Hazli… ▶241DeathPolitics
Henry HazlittThe 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 … ▶3210Truth
Henry HazlittNeed is not demand. Effective economic demand requires not merely need but corresponding purchasing power. ✨ Henry Hazlitt (2010). Economics in One Lesson: The Shortest and … ▶231Politics
Henry HazlittGovernment can't give us anything without depriving us of something else.221Politics
Henry HazlittEverywhere the means is erected into the end, and the end itself is forgotten. ✨ Henry Hazlitt (2010). Economics in One Lesson: The Shortest and Surest Way to Understand Bas… ▶211Philosophy
Henry HazlittEconomics is haunted by more fallacies than any other study known to man ✨ Henry Hazlitt (2010). Economics in One Lesson: The Shortest and Surest Way to Understand Basic Eco… ▶289Politics
Henry Hazlitt..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 … ▶201Politics
Henry HazlittThe 'private sector' of the economy is, in fact, the voluntary sector; and the 'public sector' is, in fact, the coercive sector. ✨ Henry Hazlitt (1971). Man Vs. the Welfare … ▶235PoliticsTruth
Henry HazlittFrom a strictly economic point of view, buying gold in a major inflation and holding it probably presents the least risk of capital loss of any investment or speculation.224Time
Henry HazlittEverything 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 someth… ▶214Politics
Henry HazlittThe 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 p… ▶203ThoughtTimeTruth
Henry HazlittA man with a scant vocabulary will almost certainly be a weak thinker. The richer and more copious one's vocabulary and the greater one's awareness of fine distinctions and subtle… ▶204PhilosophyThought
Henry HazlittToday is already the tomorrow which the bad economist yesterday urged us to ignore. ✨ Henry Hazlitt (2010). Economics in One Lesson: The Shortest and Surest Way to Understan… ▶184Reading
