Top Henry Hazlitt Quotes - Quotesmemo.com

Henry Hazlitt Biography

Henry Stuart Hazlitt (/ˈhæzlɪt/; November 28, 1894 – July 9, 1993) was an American journalist who wrote about business and economics for such publications as The Wall Street Journal, The Nation, The American Mercury, Newsweek, and The New York Times. He is widely cited in both libertarian and conservative circles.

Read about Henry Hazlitt in Wikipedia

Random Authors

Henry Hazlitt Quotes

If a government resorts to inflation, that is, creates money in order to cover its budget deficits or expands credit in order to stimulate business, then no power on earth, no gimmick, device, trick or even indexation can prevent its economic consequences.

Business, Consequences, Gimmicks, Government, Money, Order

The 'private sector' of the economy is, in fact, the voluntary sector; and the 'public sector' is, in fact, the coercive sector.

Fact, Libertarian, Liberty, Political, Private, Voluntary

Diluting the money supply with paper is the moral equivalent of diluting the milk supply with water.

Diluting, Equivalent, Milk, Moral, Paper, Water

The first requisite of a sound monetary system is that it put the least possible power over the quantity or quality of money in the hands of the politicians.

Hands, Liberty, Monetary, Quality

The long-run historical tendency of capitalism has not only been to increase real incomes more or less proportionately nearly all along the line, but to benefit the masses even more than the rich.

Benefit, Long, Masses, Nearly, Real, Running

There is no more certain way to deter employment than to harass and penalize employers.

Deter, Employment, Harass, Philosophy, Political, Way

Economic progress and justice do not consist in superbly equalized destitution, but in the constant creation of more and more goods and services, of more and more wealth and income to be shared.

Income, Justice, Progress, Superbly, Wealth

When the government makes loans or subsidies to business, what it does is to tax successful private business in order to support unsuccessful private business.

Philosophy, Successful, Government, Unsuccessful, Business, Support

A man with a scant vocabulary will almost certainly be a weak thinker. The richer and more copious one's vocabulary and the greater one's awareness of fine distinctions and subtle nuances of meaning, the more fertile and precise is likely to be one's thinking. Knowledge of things and knowledge of the words for them grow together. If you do not know the words, you can hardly know the thing.

Distinctions, Men, Nuances, Thinking, Vocabulary, Words

When Alexander the Great visited the philosopher Diogenes and asked whether he could do anything for him, Diogenes is said to have replied: ‘Yes, stand a little less between me and the sun. ’ It is what every citizen is entitled to ask of his government.

Government, Citizens, Littles, Alexander, Citizen, Asked

Need is not demand. Effective economic demand requires not merely need but corresponding purchasing power.

Demand, Economic, Effective, Needs, Purchasing, Requires

The times call for courage. The times call for hard work. But if the demands are high, it is because the stakes are even higher. They are nothing less than the future of human liberty, which means the future of civilization.

Call, Civilization, Courage, Hard Work, Mean

The vital consideration of incentives is almost systematically overlooked in the proposals of agitators for more and bigger government welfare schemes. We should all be concerned about the plight of the poor and unfortunate. But the hard two-part question that any plan for relieving poverty must answer is: How can we mitigate the penalties of failure and misfortune without undermining the incentives to effort and success.

Bigger, Consideration, Effort, Government Welfare, Two, Welfare

The only way we could remember would be by constant re-reading, for knowledge unused tends to drop out of mind. Knowledge used does not need to be remembered; practice forms habits and habits make memory unnecessary. The rule is nothing; the application is everything.

Application, Memories, Practice, Reading, Tends

Inflation makes the extension of socialism possible by providing the financial chaos in which it flourishes. The fact is that socialism and inflation are cause and effect, they feed on each other!

Cause, Causes, Chaos, Facts, Financial

The whole gospel of Karl Marx can be summed up in a single sentence: Hate the man who is better off than you are. Never under any circumstances admit that his success may be due to his own efforts, to the productive contribution he has made to the whole community. Always attribute his success to the exploitation, the cheating, the more or less open robbery of others. Never under any circumstances admit that your own failure may be owing to your own weakness, or that the failure of anyone else may be due to his own defects - his laziness, incompetence, improvidence, or stupidity.

Cheating, Community, Freedom, Gospel, Incompetence, Success

No matter whether it is their intention or not, almost anything that the rich can legally do tends to help the poor. The spending of the rich gives employment to the poor. But the saving of the rich, and their investment of these savings in the means of production, gives just as much employment, and in addition makes that employment constantly more productive and more highly paid, while it also constantly increases and cheapens the production of necessities and amenities for the masses.

Addition, Giving, Matter, Mean, Necessities, Rich

The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.

Art, Groups, Liberty, Looking, Policy

All subsidy measures, all schemes to redistribute income or to force Peter to support Paul, are one-eyed as well as shortsighted. They get their immediate appeal by focusing attention on the alleged needs of some particular group of intended beneficiaries. But the inevitable victims - those who are going to be asked to pay for the new handout in increased taxes (which directly or indirectly means almost everybody else) - are left out of account. Only one-half of the problem has been seen. The cost of the proposed solution has been overlooked.

Account, Inevitable, Mean, Subsidies, Support, Taxes

A Day never passes without some ardent reformer or group of reformers suggesting some new government intervention, some new statist scheme to fill some alleged 'need' or relieve some alleged distress.

Day, Fill, Government, Groups, Needs, Reformer

1