The first requisite of a sound monetary system is that it put the least possible power over the quantity or quality of… — Henry Hazlitt Copy Share Image
Diluting the money supply with paper is the moral equivalent of diluting the milk supply with water. — Henry Hazlitt Copy Share Image
The long-run historical tendency of capitalism has not only been to increase real incomes more or less proportionately nearly all along the… — Henry Hazlitt Copy Share Image
Contrary to age-old prejudices, the wealth of the rich is not the cause of the poverty of the poor, but helps to… — 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
When any welfare scheme is being proposed, its political sponsors always dwell on what a generous and compassionate government should pay to… — Henry Hazlitt Copy Share Image
New taxes are so unpopular that most 'social' handout schemes are originally enacted without enough increased taxation to pay for them. The… — Henry Hazlitt Copy Share Image
The proposal is frequently made that the government ought to assume the risks that are "too great for private industry." This means… — Henry Hazlitt Copy Share Image
When your money is taken by a thief, you get nothing in return. When your money is taken through taxes to support… — 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
One of the worst features of all the plans for sharing wealth and equalizing or guaranteeing incomes is that they lose sight… — Henry Hazlitt Copy Share Image
No matter whether it is their intention or not, almost anything that the rich can legally do tends to help the poor.… — Henry Hazlitt Copy Share Image
“In an exchange economy everybody’s money income is somebody else’s cost. Every increase in hourly wages, unless or until compensated by an… — Henry Hazlitt Copy Share Image
We cannot distribute more wealth than is created. We cannot in the long run pay labor as a whole more than it… — 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
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
The monetary managers are fond of telling us that they have substituted 'responsible money management' for the gold standard. But there is… — Henry Hazlitt Copy Share Image
Some champions of ever-greater governmental power and spending invent the theory that the taxpayers, left to themselves, spend the money they have… — 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
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 Image
“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 Image
Government can't give us anything without depriving us of something else. — Henry Hazlitt Copy Share Image
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 Image
“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 Image
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 Image
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 Image
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 Image
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 Image
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 Image
“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 Image
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 Image
