"The most obvious and yet the oldest and……" — Henry Hazlitt
"The most obvious and yet the oldest and most stubborn error on which the appeal of inflation rests is that of confusing ‘money’ with ‘wealth’…Real wealth, of course, consists in what is produced and consumed: the food we eat, the clothes we wear, the houses we live in. It is railways and roads and motor cars; ships and planes and factories; schools and churches and theaters; pianos, paintings and books. Yet so powerful is the verbal ambiguity that confuses money with wealth, that even those who at times recognize the confusion will slide back into it in the course of their reasoning."
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Henry Hazlitt
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54 Quotes by Henry Hazlitt
Henry Hazlitt has 54 quotes on this site.
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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 Ambiguity Quotes
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