Inefficiency Quotes 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…

— 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…

— Henry Hazlitt

Government can't give us anything without depriving us of something else.

— 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…

— 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…

— 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…

— 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…

— 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…

— 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…

— 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…

— 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…

— 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,…

— 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…

— 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…

— 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…

— Henry Hazlitt