The great merit of gold is precisely that it is scarce; that its quantity is limited by nature; that it is costly… — 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
Everything we get, outside of the free gifts of nature, must in some way be paid for. The world is full of… — 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
