Inflation is a form of tax, a tax that we all collectively must pay. — Henry Hazlitt Copy Share Image
Prolonged inflation never 'stimulates' the economy. On the contrary, it unbalances, disrupts, and misdirects production and employment. — Henry Hazlitt Copy Share Image
Inflation is not only unnecessary for economic growth. As long as it exists it is the enemy of economic growth. — Henry Hazlitt Copy Share Image
Inflation makes the extension of socialism possible by providing the financial chaos in which it flourishes. The fact is that socialism and… — Henry Hazlitt Copy Share Image
To try to cure unemployment by inflation rather than by adjustment of specific wage-rates is like trying to adjust the piano to… — Henry Hazlitt Copy Share Image
Mere inflation-that is, the mere issuance of more money, with the consequence of higher wages and prices-may look like the creation of… — Henry Hazlitt Copy Share Image
If a government resorts to inflation, that is, creates money in order to cover its budget deficits or expands credit in order… — Henry Hazlitt Copy Share Image
A vital function of the free market is to penalize inefficiency and misjudgment and to reward efficiency and good judgment. By distorting… — Henry Hazlitt Copy Share Image
“Here we shall have to say simply that all government expenditures must eventually be paid out of the proceeds of taxation; that… — Henry Hazlitt Copy Share Image
Once the idea is accepted that money is something whose supply is determined simply by the printing press, it becomes impossible for… — Henry Hazlitt Copy Share Image
From a strictly economic point of view, buying gold in a major inflation and holding it probably presents the least risk of… — Henry Hazlitt Copy Share Image
In a free enterprise system, with an honest and stable money, there is dominantly a close link between effort and productivity, on… — Henry Hazlitt Copy Share Image
The consequences of inflation are malinvestment, waste, a wanton redistribution of wealth and income, the growth of speculation and gambling, immorality and… — Henry Hazlitt Copy Share Image
The most obvious and yet the oldest and most stubborn error on which the appeal of inflation rests is that of confusing… — Henry Hazlitt Copy Share Image
More and more people are becoming aware that government has nothing to give them without first taking it away from somebody else-or… — Henry Hazlitt Copy Share Image
It is often sadly remarked that the bad economists present their errors to the public better than the good economists present their truths. It… — Henry Hazlitt Copy Share
“This is perhaps as good a place as any to point out that what distinguishes many reformers from those who cannot accept their proposals… — Henry Hazlitt Copy Share
When the government makes loans or subsidies to business, what it does is to tax successful private business in order to support unsuccessful private… — Henry Hazlitt Copy Share
“The analysis of our illustrations has taught us another incidental lesson. This is that, when we study the effects of various proposals, not merely… — Henry Hazlitt Copy Share
There is a profound contrast between the effects of foreign aid and of voluntary private investment: foreign aid goes from government to government. It… — Henry Hazlitt Copy Share
The mounting burden of taxation not only undermines individual incentives to increased work and earnings, but in a score of ways discourages capital accumulation… — Henry Hazlitt Copy Share
Multiculturalism means your kid has to learn some wretched tribal dirge for the school holiday concert instead of getting to sing 'Rudolph the Red-Nosed… — Henry Hazlitt Copy Share
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… — Henry Hazlitt Copy Share
Inflation makes the extension of socialism possible by providing the financial chaos in which it flourishes. The fact is that socialism and inflation are… — Henry Hazlitt Copy Share
“the desperate need to get back to normal housing and other living conditions stimulated increased efforts. But this does not mean that property destruction… — Henry Hazlitt Copy Share
Yet it ought to be clear that a minimum wage law is, at best, a limited weapon for combatting the evil of low wages,… — Henry Hazlitt Copy Share
“It is a misconception to think of the function or result of machines as primarily one of creating jobs . The real result of… — Henry Hazlitt Copy Share
A certain amount of taxes is of course indispensable to carry on essential government functions. Reasonable taxes for this purpose need not hurt production… — Henry Hazlitt Copy Share
A vital function of the free market is to penalize inefficiency and misjudgment and to reward efficiency and good judgment. By distorting economic calculations… — Henry Hazlitt Copy Share
