"In practice [monetary management] is merely a high-sounding……" — Henry Hazlitt
"In practice [monetary management] is merely a high-sounding euphemism for continuous currency debasement. It consists of constant lying in order to support constant swindling. Instead of automatic currencies based on gold, people are forced to take managed currencies based on guile. Instead of precious metals they hold paper promises whose value falls with every bureaucratic whim. And they are suavely assured that only hopelessly antiquated minds dream of returning to truth and honesty and solvency and gold."
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Henry Hazlitt
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54 Quotes by Henry Hazlitt
Henry Hazlitt has 54 quotes on this site.
A few more worth reading:
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The monetary managers are fond of telling us that they have substituted 'responsible money management' for the gold standard. But…
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The times call for courage. The times call for hard work. But if the demands are high, it is because…
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Government-to-government foreign aid promotes statism, centralized planning, socialism, dependence, pauperization, inefficiency, and waste. It prolongs the poverty it is designed…
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Everything we get, outside of the free gifts of nature, must in some way be paid for. The world is…
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There is no more certain way to deter employment than to harass and penalize employers.
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It is often sadly remarked that the bad economists present their errors to the public better than the good economists…
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Government can't give us anything without depriving us of something else.
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The larger the percentage of the national income taken by taxes the greater the deterrent to private production and employment.…
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The ideas which now pass for brilliant innovations and advances are in fact mere revivals of ancient errors, and a…
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What is put into the hands of B cannot be put into the hands of A.
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Everywhere the means is erected into the end, and the end itself is forgotten.
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Mere inflation-that is, the mere issuance of more money, with the consequence of higher wages and prices-may look like the…
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More Antiquated Quotes
This quote is filed under Antiquated Quotes,
one of 45 quotes in that category. Here are a few more:
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It is essential to do everything possible to attract young people to opera so they can see that it is…
— Bruce Beresford
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Frankly, I'm not sure how far I would get if I attended public school today. It's not just that public…
— Eli Broad
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There is not really any courage at all in attacking hoary or antiquated things, any more than in offering to…
— Gilbert K. Chesterton
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Is it not grotesque when the representatives of an antiquated myth-sorcery, who believes in trinity, angels, devils, hell, virgin-birth, bodily…
— Karlheinz Deschner
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Although by 1851 tales of adventure had begun to seem antiquated, they had rendered a large service to the course…
— Carl Clinton Van Doren
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Most loss of life and property has been due to the collapse of antiquated and unsafe structures, mostly of brick…
— Charles Francis Richter
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The modern geography of the brain has a deliciously antiquated feel to it - rather like a medieval map with…
— Unknown Author
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Traditional dinosaur theory is full of short circuits. Like the antiquated wiring in an old house, the details sputter and…
— Robert T. Bakker
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You see, antiquated ideas of kindness and generosity are simply bugs that must be programmed out of our world. And…
— Bill Gates
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The type of contract between players and producers is, I feel, antiquated in form and abstract in concept. We have…
— Teresa Wright
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I only know that I feel tired, antiquated; I feel as though I had been living a long, long time.
— Ivan Turgenev
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Much of the research into humans' risk-avoidance machinery shows that it is antiquated and unfit for the modern world; it…
— Nassim Nicholas Taleb
See all 45 Antiquated Quotes »