--- title: "6 Long run Quotes By Henry Hazlitt" description: "6 Long run quotes by Henry Hazlitt. Plus more from Henry Hazlitt and more Long run sayings from other authors." image: "https://sms4smile.com/quotes/i/658/henry-hazlitt-2839_long-run_this-is-perhaps-as-good-a-place-as-any-t_23495.jpg" --- > [“This is perhaps as good a place as any to point out that what distinguishes many reformers from those who cannot accept…](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/) [Image](https://sms4smile.com/quotes/i/658/henry-hazlitt-2839_long-run_this-is-perhaps-as-good-a-place-as-any-t_23495.jpg) > [“The analysis of our illustrations has taught us another incidental lesson. This is that, when we study the effects of various proposals,…](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/) [Image](https://sms4smile.com/quotes/i/cfa/henry-hazlitt-2839_long-run_the-analysis-of-our-illustrations-has-ta_79812.jpg) > [The question is not whether we wish to see everybody as well off as possible. Among men of good will such an…](https://sms4smile.com/quotes/henry-hazlitt/the-question-is-not-whether-we-wish-to-see-everybody-as-well-off-as/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) [Image](https://sms4smile.com/quotes/i/650/henry-hazlitt-2839_achieve_the-question-is-not-whether-we-wish-to-s_433126.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) > [“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-3/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) [Image](https://sms4smile.com/quotes/i/4e9/henry-hazlitt-2839_clear-thinking_economics-is-haunted-by-more-fallacies-t_2763138.jpg) > [We cannot distribute more wealth than is created. We cannot in the long run pay labor as a whole more than it…](https://sms4smile.com/quotes/henry-hazlitt/we-cannot-distribute-more-wealth-than-is-created-we-cannot-in-the/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) [Image](https://sms4smile.com/quotes/i/361/henry-hazlitt-2839_labor_we-cannot-distribute-more-wealth-than-is_2979410.jpg) ## Other authors on Long run ## 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/long-run/henry-hazlitt/#itemlist", "name": "6 Long run Quotes By Henry Hazlitt", "numberOfItems": 6, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "“This is perhaps as good a place as any to point out that what distinguishes many reformers from those who cannot accept their proposals is not their greater philanthropy, but their greater impatience. The question is not whether we wish to see everybody as well off as possible. Among men of good will such an aim can be taken for granted. The real question concerns the proper means of achieving it. 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It would not occur to anyone unacquainted with the prevailing economic half-literacy that it is good to have windows broken and cities destroyed; that it is anything but waste to create needless public projects; that it is dangerous to let idle hordes of men return to work; that machines which increase the production of wealth and economize human effort are to be dreaded; that obstructions to free production and free consumption increase wealth; that a nation grows richer by forcing other nations to take its goods for less than they cost to produce; that saving is stupid or wicked and that squandering brings prosperity.”", "creator": { "@type": "Person", "name": "Henry Hazlitt" }, "url": "https://sms4smile.com/quotes/henry-hazlitt/the-analysis-of-our-illustrations-has-taught-us-another-incidental/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/cfa/henry-hazlitt-2839_long-run_the-analysis-of-our-illustrations-has-ta_79812.jpg", "contentUrl": "https://sms4smile.com/quotes/i/cfa/henry-hazlitt-2839_long-run_the-analysis-of-our-illustrations-has-ta_79812.jpg", "url": "https://sms4smile.com/quotes/i/cfa/henry-hazlitt-2839_long-run_the-analysis-of-our-illustrations-has-ta_79812.jpg", "width": 1080, "height": 1080, "caption": "“The analysis of our illustrations has taught us another incidental lesson. 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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. While every group has certain economic interests identical with those of all groups, every group has also, as we shall see, interests antagonistic to those of all other groups. While certain public policies would in the long run benefit everybody, other policies would benefit one group only at the expense of all other groups. The group that would benefit by such policies, having such a direct interest in them, will argue for them plausibly and persistently. It will hire the best buyable minds to devote their whole time to presenting its case. And it will finally either convince the general public that its case is sound, or so befuddle it that clear thinking on the subject becomes next to impossible. 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