Everything we get, outside of the free gifts of nature, must in some w…

Henry Hazlitt
36 citations
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.
Politics
17

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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 … ▶
If 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 fallacies
From 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.
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The 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.

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