---
title: "19 Economic Quotes By Henry Hazlitt"
description: "19 Economic quotes by Henry Hazlitt. Plus more from Henry Hazlitt and more Economic sayings from other authors."
image: "https://sms4smile.com/quotes/i/53d/henry-hazlitt-2839_constant_economic-progress-and-justice-do-not-con_2230552.jpg"
---

> [Economic progress and justice do not consist in superbly equalized destitution, but in the constant creation of more and more goods and…](https://sms4smile.com/quotes/henry-hazlitt/economic-progress-and-justice-do-not-consist-in-superbly-equalized/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

[Image](https://sms4smile.com/quotes/i/53d/henry-hazlitt-2839_constant_economic-progress-and-justice-do-not-con_2230552.jpg)

> [Practically all government attempts to redistribute wealth and income tend to smother productive incentives and lead toward general impoverishment.](https://sms4smile.com/quotes/henry-hazlitt/practically-all-government-attempts-to-redistribute-wealth-and-income-2/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

[Image](https://sms4smile.com/quotes/i/1b7/henry-hazlitt-2839_causes-of-poverty_practically-all-government-attempts-to-r_2948907.jpg)

> [Inflation is not only unnecessary for economic growth. As long as it exists it is the enemy of economic growth.](https://sms4smile.com/quotes/henry-hazlitt/inflation-is-not-only-unnecessary-for-economic-growth-as-long-as-it/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

[Image](https://sms4smile.com/quotes/i/b2d/henry-hazlitt-2839_economic_inflation-is-not-only-unnecessary-for-ec_1964793.jpg)

> [From a strictly economic point of view, buying gold in a major inflation and holding it probably presents the least risk of…](https://sms4smile.com/quotes/henry-hazlitt/from-a-strictly-economic-point-of-view-buying-gold-in-a-major/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

[Image](https://sms4smile.com/quotes/i/ebd/henry-hazlitt-2839_buying_from-a-strictly-economic-point-of-view-b_1588788.jpg)

> [Need is not demand. Effective economic demand requires not merely need but corresponding purchasing power.](https://sms4smile.com/quotes/henry-hazlitt/need-is-not-demand-effective-economic-demand-requires-not-merely-need/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

[Image](https://sms4smile.com/quotes/i/5dc/henry-hazlitt-2839_demand_need-is-not-demand-effective-economic-de_2764442.jpg)

> [Government provided free tuition tends more and more to produce a uniform conformist education, with college faculties ultimately dependent for their jobs…](https://sms4smile.com/quotes/henry-hazlitt/government-provided-free-tuition-tends-more-and-more-to-produce-a/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

[Image](https://sms4smile.com/quotes/i/45f/henry-hazlitt-2839_college_government-provided-free-tuition-tends-m_2712904.jpg)

> [It is often sadly remarked that the bad economists present their errors to the public better than the good economists present their…](https://sms4smile.com/quotes/henry-hazlitt/it-is-often-sadly-remarked-that-the-bad-economists-present-their/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

[Image](https://sms4smile.com/quotes/i/837/henry-hazlitt-2839_economic_it-is-often-sadly-remarked-that-the-bad_18248.jpg)

> [If a government resorts to inflation, that is, creates money in order to cover its budget deficits or expands credit in order…](https://sms4smile.com/quotes/henry-hazlitt/if-a-government-resorts-to-inflation-that-is-creates-money-in-order/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

[Image](https://sms4smile.com/quotes/i/652/henry-hazlitt-2839_budget-deficit_if-a-government-resorts-to-inflation-tha_465050.jpg)

> [The way to get a maximum rate of 'economic growth' assuming this to be our aim - is to give maximum encouragement…](https://sms4smile.com/quotes/henry-hazlitt/the-way-to-get-a-maximum-rate-of-economic-growth-assuming-this-to-be/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

[Image](https://sms4smile.com/quotes/i/b3e/henry-hazlitt-2839_aim_the-way-to-get-a-maximum-rate-of-economi_2818851.jpg)

> [A vital function of the free market is to penalize inefficiency and misjudgment and to reward efficiency and good judgment. By distorting…](https://sms4smile.com/quotes/henry-hazlitt/a-vital-function-of-the-free-market-is-to-penalize-inefficiency-and/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

[Image](https://sms4smile.com/quotes/i/ba4/henry-hazlitt-2839_calculations_a-vital-function-of-the-free-market-is-t_279908.jpg)

> [When each of us is free to work out his own economic destiny, within the framework of the market economy, the institution…](https://sms4smile.com/quotes/henry-hazlitt/when-each-of-us-is-free-to-work-out-his-own-economic-destiny-within/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

[Image](https://sms4smile.com/quotes/i/8bb/henry-hazlitt-2839_bureaucrats_when-each-of-us-is-free-to-work-out-his_1137128.jpg)

> [Short-sighted and impatient efforts to wipe out poverty by severing the connection between effort and reward can only lead to the growth…](https://sms4smile.com/quotes/henry-hazlitt/short-sighted-and-impatient-efforts-to-wipe-out-poverty-by-severing/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

[Image](https://sms4smile.com/quotes/i/bdd/henry-hazlitt-2839_connections_short-sighted-and-impatient-efforts-to-w_2416462.jpg)

> [Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the…](https://sms4smile.com/quotes/henry-hazlitt/economics-is-haunted-by-more-fallacies-than-any-other-study-known-to/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

[Image](https://sms4smile.com/quotes/i/e16/henry-hazlitt-2839_accidents_economics-is-haunted-by-more-fallacies-t_835439.jpg)

> [The quickest and surest way to production, prosperity, and economic growth is through private enterprise. The best way for governments to encourage…](https://sms4smile.com/quotes/henry-hazlitt/the-quickest-and-surest-way-to-production-prosperity-and-economic/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

[Image](https://sms4smile.com/quotes/i/b70/henry-hazlitt-2839_best-way_the-quickest-and-surest-way-to-productio_1860937.jpg)

> [“There are men regarded today as brilliant economists, who deprecate saving and recommend squandering on a national scale as the way of…](https://sms4smile.com/quotes/henry-hazlitt/there-are-men-regarded-today-as-brilliant-economists-who-deprecate/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

[Image](https://sms4smile.com/quotes/i/afe/henry-hazlitt-2839_brilliant_there-are-men-regarded-today-as-brillian_516391.jpg)

> [The monetary managers are fond of telling us that they have substituted 'responsible money management' for the gold standard. But there is…](https://sms4smile.com/quotes/henry-hazlitt/the-monetary-managers-are-fond-of-telling-us-that-they-have/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

[Image](https://sms4smile.com/quotes/i/3d5/henry-hazlitt-2839_chaos_the-monetary-managers-are-fond-of-tellin_3031320.jpg)

> [In a free enterprise system, with an honest and stable money, there is dominantly a close link between effort and productivity, on…](https://sms4smile.com/quotes/henry-hazlitt/in-a-free-enterprise-system-with-an-honest-and-stable-money-there-is/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

[Image](https://sms4smile.com/quotes/i/e10/henry-hazlitt-2839_business_in-a-free-enterprise-system-with-an-hone_1082757.jpg)

> [Government-to-government aid rests on socialistic assumptions and promotes socialism and stagnation, whereas private foreign investment rest on capitalist assumptions and promotes private…](https://sms4smile.com/quotes/henry-hazlitt/government-to-government-aid-rests-on-socialistic-assumptions-and/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

[Image](https://sms4smile.com/quotes/i/43b/henry-hazlitt-2839_aids_government-to-government-aid-rests-on-so_300238.jpg)

> [The times call for courage. The times call for hard work. But if the demands are high, it is because the stakes…](https://sms4smile.com/quotes/henry-hazlitt/the-times-call-for-courage-the-times-call-for-hard-work-but-if-the/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

[Image](https://sms4smile.com/quotes/i/0d2/henry-hazlitt-2839_civilization_the-times-call-for-courage-the-times-cal_1691696.jpg)

## Other authors on Economic

## More by Henry Hazlitt

> [It is often sadly remarked that the bad economists present their errors to the public better than the good economists present their truths. It…](https://sms4smile.com/quotes/henry-hazlitt/it-is-often-sadly-remarked-that-the-bad-economists-present-their/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

> [“This is perhaps as good a place as any to point out that what distinguishes many reformers from those who cannot accept their proposals…](https://sms4smile.com/quotes/henry-hazlitt/this-is-perhaps-as-good-a-place-as-any-to-point-out-that-what/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

> [Government can't give us anything without depriving us of something else.](https://sms4smile.com/quotes/henry-hazlitt/government-can-t-give-us-anything-without-depriving-us-of-something/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

> [When the government makes loans or subsidies to business, what it does is to tax successful private business in order to support unsuccessful private…](https://sms4smile.com/quotes/henry-hazlitt/when-the-government-makes-loans-or-subsidies-to-business-what-it-does/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

> [“The analysis of our illustrations has taught us another incidental lesson. This is that, when we study the effects of various proposals, not merely…](https://sms4smile.com/quotes/henry-hazlitt/the-analysis-of-our-illustrations-has-taught-us-another-incidental/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

> [There is a profound contrast between the effects of foreign aid and of voluntary private investment: foreign aid goes from government to government. It…](https://sms4smile.com/quotes/henry-hazlitt/there-is-a-profound-contrast-between-the-effects-of-foreign-aid-and/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

> [The mounting burden of taxation not only undermines individual incentives to increased work and earnings, but in a score of ways discourages capital accumulation…](https://sms4smile.com/quotes/henry-hazlitt/the-mounting-burden-of-taxation-not-only-undermines-individual/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

> [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…](https://sms4smile.com/quotes/henry-hazlitt/multiculturalism-means-your-kid-has-to-learn-some-wretched-tribal/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

> [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…](https://sms4smile.com/quotes/henry-hazlitt/it-is-possible-to-increase-paper-money-income-to-any-amount-by/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

> [Inflation makes the extension of socialism possible by providing the financial chaos in which it flourishes. The fact is that socialism and inflation are…](https://sms4smile.com/quotes/henry-hazlitt/inflation-makes-the-extension-of-socialism-possible-by-providing-the/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

> [“the desperate need to get back to normal housing and other living conditions stimulated increased efforts. But this does not mean that property destruction…](https://sms4smile.com/quotes/henry-hazlitt/the-desperate-need-to-get-back-to-normal-housing-and-other-living/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

> [Yet it ought to be clear that a minimum wage law is, at best, a limited weapon for combatting the evil of low wages,…](https://sms4smile.com/quotes/henry-hazlitt/yet-it-ought-to-be-clear-that-a-minimum-wage-law-is-at-best-a-limited/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

> [“It is a misconception to think of the function or result of machines as primarily one of creating jobs . The real result of…](https://sms4smile.com/quotes/henry-hazlitt/it-is-a-misconception-to-think-of-the-function-or-result-of-machines/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

> [A certain amount of taxes is of course indispensable to carry on essential government functions. Reasonable taxes for this purpose need not hurt production…](https://sms4smile.com/quotes/henry-hazlitt/a-certain-amount-of-taxes-is-of-course-indispensable-to-carry-on/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

> [A vital function of the free market is to penalize inefficiency and misjudgment and to reward efficiency and good judgment. By distorting economic calculations…](https://sms4smile.com/quotes/henry-hazlitt/a-vital-function-of-the-free-market-is-to-penalize-inefficiency-and/)

[Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/)

```json
{
    "@context": "https://schema.org",
    "@graph": [
        {
            "@type": "ItemList",
            "@id": "https://sms4smile.com/quotes/about/economic/henry-hazlitt/#itemlist",
            "name": "19 Economic Quotes By Henry Hazlitt",
            "numberOfItems": 19,
            "itemListElement": [
                {
                    "@type": "ListItem",
                    "position": 1,
                    "item": {
                        "@type": "Quotation",
                        "text": "Economic progress and justice do not consist in superbly equalized destitution, but in the constant creation of more and more goods and services, of more and more wealth and income to be shared.",
                        "creator": {
                            "@type": "Person",
                            "name": "Henry Hazlitt"
                        },
                        "url": "https://sms4smile.com/quotes/henry-hazlitt/economic-progress-and-justice-do-not-consist-in-superbly-equalized/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/53d/henry-hazlitt-2839_constant_economic-progress-and-justice-do-not-con_2230552.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/53d/henry-hazlitt-2839_constant_economic-progress-and-justice-do-not-con_2230552.jpg",
                            "url": "https://sms4smile.com/quotes/i/53d/henry-hazlitt-2839_constant_economic-progress-and-justice-do-not-con_2230552.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“Economic progress and justice do not consist in superbly equalized destitution, but in the constant creation…” — Henry Hazlitt",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                },
                {
                    "@type": "ListItem",
                    "position": 2,
                    "item": {
                        "@type": "Quotation",
                        "text": "Practically all government attempts to redistribute wealth and income tend to smother productive incentives and lead toward general impoverishment.",
                        "creator": {
                            "@type": "Person",
                            "name": "Henry Hazlitt"
                        },
                        "url": "https://sms4smile.com/quotes/henry-hazlitt/practically-all-government-attempts-to-redistribute-wealth-and-income-2/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/1b7/henry-hazlitt-2839_causes-of-poverty_practically-all-government-attempts-to-r_2948907.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/1b7/henry-hazlitt-2839_causes-of-poverty_practically-all-government-attempts-to-r_2948907.jpg",
                            "url": "https://sms4smile.com/quotes/i/1b7/henry-hazlitt-2839_causes-of-poverty_practically-all-government-attempts-to-r_2948907.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“Practically all government attempts to redistribute wealth and income tend to smother productive incentives…” — Henry Hazlitt",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                },
                {
                    "@type": "ListItem",
                    "position": 3,
                    "item": {
                        "@type": "Quotation",
                        "text": "Inflation is not only unnecessary for economic growth.  As long as it exists it is the enemy of economic growth.",
                        "creator": {
                            "@type": "Person",
                            "name": "Henry Hazlitt"
                        },
                        "url": "https://sms4smile.com/quotes/henry-hazlitt/inflation-is-not-only-unnecessary-for-economic-growth-as-long-as-it/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/b2d/henry-hazlitt-2839_economic_inflation-is-not-only-unnecessary-for-ec_1964793.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/b2d/henry-hazlitt-2839_economic_inflation-is-not-only-unnecessary-for-ec_1964793.jpg",
                            "url": "https://sms4smile.com/quotes/i/b2d/henry-hazlitt-2839_economic_inflation-is-not-only-unnecessary-for-ec_1964793.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“Inflation is not only unnecessary for economic growth. As long as it exists it is the enemy of economic…” — Henry Hazlitt",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                },
                {
                    "@type": "ListItem",
                    "position": 4,
                    "item": {
                        "@type": "Quotation",
                        "text": "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.",
                        "creator": {
                            "@type": "Person",
                            "name": "Henry Hazlitt"
                        },
                        "url": "https://sms4smile.com/quotes/henry-hazlitt/from-a-strictly-economic-point-of-view-buying-gold-in-a-major/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/ebd/henry-hazlitt-2839_buying_from-a-strictly-economic-point-of-view-b_1588788.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/ebd/henry-hazlitt-2839_buying_from-a-strictly-economic-point-of-view-b_1588788.jpg",
                            "url": "https://sms4smile.com/quotes/i/ebd/henry-hazlitt-2839_buying_from-a-strictly-economic-point-of-view-b_1588788.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“From a strictly economic point of view, buying gold in a major inflation and holding it probably presents…” — Henry Hazlitt",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                },
                {
                    "@type": "ListItem",
                    "position": 5,
                    "item": {
                        "@type": "Quotation",
                        "text": "Need is not demand. Effective economic demand requires not merely need but corresponding purchasing power.",
                        "creator": {
                            "@type": "Person",
                            "name": "Henry Hazlitt"
                        },
                        "url": "https://sms4smile.com/quotes/henry-hazlitt/need-is-not-demand-effective-economic-demand-requires-not-merely-need/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/5dc/henry-hazlitt-2839_demand_need-is-not-demand-effective-economic-de_2764442.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/5dc/henry-hazlitt-2839_demand_need-is-not-demand-effective-economic-de_2764442.jpg",
                            "url": "https://sms4smile.com/quotes/i/5dc/henry-hazlitt-2839_demand_need-is-not-demand-effective-economic-de_2764442.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“Need is not demand. Effective economic demand requires not merely need but corresponding purchasing power.” — Henry Hazlitt",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                },
                {
                    "@type": "ListItem",
                    "position": 6,
                    "item": {
                        "@type": "Quotation",
                        "text": "Government provided free tuition tends more and more to produce a uniform conformist education, with college faculties ultimately dependent for their jobs on the government, and so developing an economic interest in profession and teaching a statist, pro-government, and socialist ideology.",
                        "creator": {
                            "@type": "Person",
                            "name": "Henry Hazlitt"
                        },
                        "url": "https://sms4smile.com/quotes/henry-hazlitt/government-provided-free-tuition-tends-more-and-more-to-produce-a/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/45f/henry-hazlitt-2839_college_government-provided-free-tuition-tends-m_2712904.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/45f/henry-hazlitt-2839_college_government-provided-free-tuition-tends-m_2712904.jpg",
                            "url": "https://sms4smile.com/quotes/i/45f/henry-hazlitt-2839_college_government-provided-free-tuition-tends-m_2712904.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“Government provided free tuition tends more and more to produce a uniform conformist education, with college…” — Henry Hazlitt",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                },
                {
                    "@type": "ListItem",
                    "position": 7,
                    "item": {
                        "@type": "Quotation",
                        "text": "It 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 can be more plausible in putting forward economic nonsense from the platform than the honest men who try to show what is wrong with it.",
                        "creator": {
                            "@type": "Person",
                            "name": "Henry Hazlitt"
                        },
                        "url": "https://sms4smile.com/quotes/henry-hazlitt/it-is-often-sadly-remarked-that-the-bad-economists-present-their/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/837/henry-hazlitt-2839_economic_it-is-often-sadly-remarked-that-the-bad_18248.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/837/henry-hazlitt-2839_economic_it-is-often-sadly-remarked-that-the-bad_18248.jpg",
                            "url": "https://sms4smile.com/quotes/i/837/henry-hazlitt-2839_economic_it-is-often-sadly-remarked-that-the-bad_18248.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“It is often sadly remarked that the bad economists present their errors to the public better than the good…” — Henry Hazlitt",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                },
                {
                    "@type": "ListItem",
                    "position": 8,
                    "item": {
                        "@type": "Quotation",
                        "text": "If 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 gimmick, device, trick or even indexation can prevent its economic consequences.",
                        "creator": {
                            "@type": "Person",
                            "name": "Henry Hazlitt"
                        },
                        "url": "https://sms4smile.com/quotes/henry-hazlitt/if-a-government-resorts-to-inflation-that-is-creates-money-in-order/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/652/henry-hazlitt-2839_budget-deficit_if-a-government-resorts-to-inflation-tha_465050.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/652/henry-hazlitt-2839_budget-deficit_if-a-government-resorts-to-inflation-tha_465050.jpg",
                            "url": "https://sms4smile.com/quotes/i/652/henry-hazlitt-2839_budget-deficit_if-a-government-resorts-to-inflation-tha_465050.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“If a government resorts to inflation, that is, creates money in order to cover its budget deficits or…” — Henry Hazlitt",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                },
                {
                    "@type": "ListItem",
                    "position": 9,
                    "item": {
                        "@type": "Quotation",
                        "text": "The way to get a maximum rate of 'economic growth' assuming this to be our aim - is to give maximum encouragement to production, employment, saving, and investment. And the way to do this is to maintain a free market and a sound currency.",
                        "creator": {
                            "@type": "Person",
                            "name": "Henry Hazlitt"
                        },
                        "url": "https://sms4smile.com/quotes/henry-hazlitt/the-way-to-get-a-maximum-rate-of-economic-growth-assuming-this-to-be/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/b3e/henry-hazlitt-2839_aim_the-way-to-get-a-maximum-rate-of-economi_2818851.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/b3e/henry-hazlitt-2839_aim_the-way-to-get-a-maximum-rate-of-economi_2818851.jpg",
                            "url": "https://sms4smile.com/quotes/i/b3e/henry-hazlitt-2839_aim_the-way-to-get-a-maximum-rate-of-economi_2818851.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“The way to get a maximum rate of 'economic growth' assuming this to be our aim - is to give maximum…” — Henry Hazlitt",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                },
                {
                    "@type": "ListItem",
                    "position": 10,
                    "item": {
                        "@type": "Quotation",
                        "text": "A vital function of the free market is to penalize inefficiency and misjudgment and to reward efficiency and good judgment.  By distorting economic calculations and creating illusory profits, inflation will destroy this function.",
                        "creator": {
                            "@type": "Person",
                            "name": "Henry Hazlitt"
                        },
                        "url": "https://sms4smile.com/quotes/henry-hazlitt/a-vital-function-of-the-free-market-is-to-penalize-inefficiency-and/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/ba4/henry-hazlitt-2839_calculations_a-vital-function-of-the-free-market-is-t_279908.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/ba4/henry-hazlitt-2839_calculations_a-vital-function-of-the-free-market-is-t_279908.jpg",
                            "url": "https://sms4smile.com/quotes/i/ba4/henry-hazlitt-2839_calculations_a-vital-function-of-the-free-market-is-t_279908.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“A vital function of the free market is to penalize inefficiency and misjudgment and to reward efficiency and…” — Henry Hazlitt",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                },
                {
                    "@type": "ListItem",
                    "position": 11,
                    "item": {
                        "@type": "Quotation",
                        "text": "When each of us is free to work out his own economic destiny, within the framework of the market economy, the institution of private property, and the general rule of law, we will all improve our economic condition much faster than when we are ordered around by bureaucrats.",
                        "creator": {
                            "@type": "Person",
                            "name": "Henry Hazlitt"
                        },
                        "url": "https://sms4smile.com/quotes/henry-hazlitt/when-each-of-us-is-free-to-work-out-his-own-economic-destiny-within/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/8bb/henry-hazlitt-2839_bureaucrats_when-each-of-us-is-free-to-work-out-his_1137128.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/8bb/henry-hazlitt-2839_bureaucrats_when-each-of-us-is-free-to-work-out-his_1137128.jpg",
                            "url": "https://sms4smile.com/quotes/i/8bb/henry-hazlitt-2839_bureaucrats_when-each-of-us-is-free-to-work-out-his_1137128.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“When each of us is free to work out his own economic destiny, within the framework of the market economy…” — Henry Hazlitt",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                },
                {
                    "@type": "ListItem",
                    "position": 12,
                    "item": {
                        "@type": "Quotation",
                        "text": "Short-sighted and impatient efforts to wipe out poverty by severing the connection between effort and reward can only lead to the growth of a totalitarian state, and destroy the economic progress that this country has so dearly bought.",
                        "creator": {
                            "@type": "Person",
                            "name": "Henry Hazlitt"
                        },
                        "url": "https://sms4smile.com/quotes/henry-hazlitt/short-sighted-and-impatient-efforts-to-wipe-out-poverty-by-severing/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/bdd/henry-hazlitt-2839_connections_short-sighted-and-impatient-efforts-to-w_2416462.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/bdd/henry-hazlitt-2839_connections_short-sighted-and-impatient-efforts-to-w_2416462.jpg",
                            "url": "https://sms4smile.com/quotes/i/bdd/henry-hazlitt-2839_connections_short-sighted-and-impatient-efforts-to-w_2416462.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“Short-sighted and impatient efforts to wipe out poverty by severing the connection between effort and reward…” — Henry Hazlitt",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                },
                {
                    "@type": "ListItem",
                    "position": 13,
                    "item": {
                        "@type": "Quotation",
                        "text": "Economics 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 are multiplied a thousandfold by a factor that is insignificant in, say, physics, mathematics or medicine - the special pleading of selfish interests.",
                        "creator": {
                            "@type": "Person",
                            "name": "Henry Hazlitt"
                        },
                        "url": "https://sms4smile.com/quotes/henry-hazlitt/economics-is-haunted-by-more-fallacies-than-any-other-study-known-to/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/e16/henry-hazlitt-2839_accidents_economics-is-haunted-by-more-fallacies-t_835439.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/e16/henry-hazlitt-2839_accidents_economics-is-haunted-by-more-fallacies-t_835439.jpg",
                            "url": "https://sms4smile.com/quotes/i/e16/henry-hazlitt-2839_accidents_economics-is-haunted-by-more-fallacies-t_835439.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent…” — Henry Hazlitt",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                },
                {
                    "@type": "ListItem",
                    "position": 14,
                    "item": {
                        "@type": "Quotation",
                        "text": "The quickest and surest way to production, prosperity, and economic growth is through private enterprise.  The best way for governments to encourage private enterprise is to establish justice, to enforce contracts, to insure domestic peace and tranquility, to protect private property, and to secure the blessings of liberty including economic liberty - which means to stop putting obstacles in the way of private enterprise.",
                        "creator": {
                            "@type": "Person",
                            "name": "Henry Hazlitt"
                        },
                        "url": "https://sms4smile.com/quotes/henry-hazlitt/the-quickest-and-surest-way-to-production-prosperity-and-economic/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/b70/henry-hazlitt-2839_best-way_the-quickest-and-surest-way-to-productio_1860937.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/b70/henry-hazlitt-2839_best-way_the-quickest-and-surest-way-to-productio_1860937.jpg",
                            "url": "https://sms4smile.com/quotes/i/b70/henry-hazlitt-2839_best-way_the-quickest-and-surest-way-to-productio_1860937.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“The quickest and surest way to production, prosperity, and economic growth is through private enterprise…” — Henry Hazlitt",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                },
                {
                    "@type": "ListItem",
                    "position": 15,
                    "item": {
                        "@type": "Quotation",
                        "text": "“There are men regarded today as brilliant economists, who deprecate saving and recommend squandering on a national scale as the way of economic salvation; and when anyone points to what the consequences of these policies will be in the long run, they reply flippantly, as might the prodigal son of a warning father: \"In the long run we are all dead.\" And such shallow wisecracks pass as devastating epigrams and the ripest wisdom.”",
                        "creator": {
                            "@type": "Person",
                            "name": "Henry Hazlitt"
                        },
                        "url": "https://sms4smile.com/quotes/henry-hazlitt/there-are-men-regarded-today-as-brilliant-economists-who-deprecate/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/afe/henry-hazlitt-2839_brilliant_there-are-men-regarded-today-as-brillian_516391.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/afe/henry-hazlitt-2839_brilliant_there-are-men-regarded-today-as-brillian_516391.jpg",
                            "url": "https://sms4smile.com/quotes/i/afe/henry-hazlitt-2839_brilliant_there-are-men-regarded-today-as-brillian_516391.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“There are men regarded today as brilliant economists, who deprecate saving and recommend squandering on a…” — Henry Hazlitt",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                },
                {
                    "@type": "ListItem",
                    "position": 16,
                    "item": {
                        "@type": "Quotation",
                        "text": "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.",
                        "creator": {
                            "@type": "Person",
                            "name": "Henry Hazlitt"
                        },
                        "url": "https://sms4smile.com/quotes/henry-hazlitt/the-monetary-managers-are-fond-of-telling-us-that-they-have/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/3d5/henry-hazlitt-2839_chaos_the-monetary-managers-are-fond-of-tellin_3031320.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/3d5/henry-hazlitt-2839_chaos_the-monetary-managers-are-fond-of-tellin_3031320.jpg",
                            "url": "https://sms4smile.com/quotes/i/3d5/henry-hazlitt-2839_chaos_the-monetary-managers-are-fond-of-tellin_3031320.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“The monetary managers are fond of telling us that they have substituted 'responsible money management' for…” — Henry Hazlitt",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                },
                {
                    "@type": "ListItem",
                    "position": 17,
                    "item": {
                        "@type": "Quotation",
                        "text": "In a free enterprise system, with an honest and stable money, there is dominantly a close link between effort and productivity, on the one hand, and economic reward on the other.  Inflation severs this link.  Reward comes to depend less and less on effort and production, and more and more on successful gambling and luck.",
                        "creator": {
                            "@type": "Person",
                            "name": "Henry Hazlitt"
                        },
                        "url": "https://sms4smile.com/quotes/henry-hazlitt/in-a-free-enterprise-system-with-an-honest-and-stable-money-there-is/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/e10/henry-hazlitt-2839_business_in-a-free-enterprise-system-with-an-hone_1082757.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/e10/henry-hazlitt-2839_business_in-a-free-enterprise-system-with-an-hone_1082757.jpg",
                            "url": "https://sms4smile.com/quotes/i/e10/henry-hazlitt-2839_business_in-a-free-enterprise-system-with-an-hone_1082757.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“In a free enterprise system, with an honest and stable money, there is dominantly a close link between…” — Henry Hazlitt",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                },
                {
                    "@type": "ListItem",
                    "position": 18,
                    "item": {
                        "@type": "Quotation",
                        "text": "Government-to-government aid rests on socialistic assumptions and promotes socialism and stagnation, whereas private foreign investment rest on capitalist assumptions and promotes private enterprise and maximum economic growth.",
                        "creator": {
                            "@type": "Person",
                            "name": "Henry Hazlitt"
                        },
                        "url": "https://sms4smile.com/quotes/henry-hazlitt/government-to-government-aid-rests-on-socialistic-assumptions-and/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/43b/henry-hazlitt-2839_aids_government-to-government-aid-rests-on-so_300238.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/43b/henry-hazlitt-2839_aids_government-to-government-aid-rests-on-so_300238.jpg",
                            "url": "https://sms4smile.com/quotes/i/43b/henry-hazlitt-2839_aids_government-to-government-aid-rests-on-so_300238.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“Government-to-government aid rests on socialistic assumptions and promotes socialism and stagnation, whereas…” — Henry Hazlitt",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                },
                {
                    "@type": "ListItem",
                    "position": 19,
                    "item": {
                        "@type": "Quotation",
                        "text": "The times call for courage. The times call for hard work. But if the demands are high, it is because the stakes are even higher. They are nothing less than the future of human liberty, which means the future of civilization.",
                        "creator": {
                            "@type": "Person",
                            "name": "Henry Hazlitt"
                        },
                        "url": "https://sms4smile.com/quotes/henry-hazlitt/the-times-call-for-courage-the-times-call-for-hard-work-but-if-the/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/0d2/henry-hazlitt-2839_civilization_the-times-call-for-courage-the-times-cal_1691696.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/0d2/henry-hazlitt-2839_civilization_the-times-call-for-courage-the-times-cal_1691696.jpg",
                            "url": "https://sms4smile.com/quotes/i/0d2/henry-hazlitt-2839_civilization_the-times-call-for-courage-the-times-cal_1691696.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“The times call for courage. The times call for hard work. But if the demands are high, it is because the…” — Henry Hazlitt",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                }
            ]
        },
        {
            "@type": "CollectionPage",
            "@id": "https://sms4smile.com/quotes/about/economic/henry-hazlitt/#webpage",
            "url": "https://sms4smile.com/quotes/about/economic/henry-hazlitt/",
            "name": "Economic Quotes by Henry Hazlitt",
            "isPartOf": {
                "@id": "https://sms4smile.com/quotes/#website"
            },
            "mainEntity": {
                "@id": "https://sms4smile.com/quotes/about/economic/henry-hazlitt/#itemlist"
            },
            "primaryImageOfPage": {
                "@id": "https://sms4smile.com/quotes/i/53d/henry-hazlitt-2839_constant_economic-progress-and-justice-do-not-con_2230552.jpg"
            },
            "description": "19 Economic quotes by Henry Hazlitt. Plus more from Henry Hazlitt and more Economic sayings from other authors.",
            "breadcrumb": {
                "@id": "https://sms4smile.com/quotes/about/economic/henry-hazlitt/#breadcrumb"
            }
        },
        {
            "@type": "BreadcrumbList",
            "@id": "https://sms4smile.com/quotes/about/economic/henry-hazlitt/#breadcrumb",
            "itemListElement": [
                {
                    "@type": "ListItem",
                    "position": 1,
                    "name": "Home",
                    "item": "https://sms4smile.com/"
                },
                {
                    "@type": "ListItem",
                    "position": 2,
                    "name": "Quotes",
                    "item": "https://sms4smile.com/quotes/"
                },
                {
                    "@type": "ListItem",
                    "position": 3,
                    "name": "Topics",
                    "item": "https://sms4smile.com/quotes/categories/"
                },
                {
                    "@type": "ListItem",
                    "position": 4,
                    "name": "Economic",
                    "item": "https://sms4smile.com/quotes/about/economic/"
                },
                {
                    "@type": "ListItem",
                    "position": 5,
                    "name": "Henry Hazlitt",
                    "item": "https://sms4smile.com/quotes/about/economic/henry-hazlitt/"
                }
            ]
        },
        {
            "@type": "WebSite",
            "@id": "https://sms4smile.com/quotes/#website",
            "name": "SMS4Smile Quotes",
            "url": "https://sms4smile.com/quotes/",
            "publisher": {
                "@id": "https://sms4smile.com/quotes/#organization"
            }
        },
        {
            "@type": "Organization",
            "@id": "https://sms4smile.com/quotes/#organization",
            "name": "SMS4Smile Quotes",
            "url": "https://sms4smile.com/quotes/",
            "logo": {
                "@type": "ImageObject",
                "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png",
                "width": 512,
                "height": 512
            }
        }
    ]
}
```