“all loans, in the eyes of honest borrowers, must eventually he repaid. All credit is debt. Proposals for an increased volume of credit, therefore, are merely another name for proposals for an increased burden of debt. They would seem considerably… — Henry Hazlitt Copy Share Image
“There is a strange idea abroad, held by all monetary cranks, that credit is something a banker gives to a man. Credit, on the contrary, is something a man already has. He has it, perhaps, because he already has marketable… — 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
