Prolonged inflation never 'stimulates' the economy. On the contrary, it unbalances, disrupts, and misdirects production and employment. — Henry Hazlitt Copy Share Image
A certain amount of taxes is of course indispensable to carry on essential government functions. Reasonable taxes for this purpose need not… — Henry Hazlitt Copy Share Image
Practically all government attempts to redistribute wealth and income tend to smother productive incentives and lead toward general impoverishment. — Henry Hazlitt Copy Share Image
The way to maximize production is to maximize the incentives to production. And the way to do that, as the modern world… — 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
The way to get a maximum rate of 'economic growth' assuming this to be our aim - is to give maximum encouragement… — 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
The mounting burden of taxation not only undermines individual incentives to increased work and earnings, but in a score of ways discourages… — Henry Hazlitt Copy Share Image
Government-to-government foreign aid promotes statism, centralized planning, socialism, dependence, pauperization, inefficiency, and waste. It prolongs the poverty it is designed to cure.… — Henry Hazlitt Copy Share Image
When people who earn more than the average have their 'surplus', or the greater part of it, seized from them in taxes,… — 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
Competition always tends to bring about the most economical and efficient method of production. Those who are most successful in this competition… — Henry Hazlitt Copy Share Image
The quickest and surest way to production, prosperity, and economic growth is through private enterprise. The best way for governments to encourage… — Henry Hazlitt Copy Share Image
The first (lesson) which we meet again and again in history, is that once the dole or similar relief programs are introduced,… — 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
“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
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
“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
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
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
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
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
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
“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
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
“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 Copy Share
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 Copy Share
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 Copy Share
