“ 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. Henry Hazlitt
“ To try to cure unemployment by inflation rather than by adjustment of specific wage-rates is like trying to adjust the piano to the stool rather than the stool to the piano. Henry Hazlitt
“ 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… Henry Hazlitt
“ The dilemma is this. In the modern world knowledge has been growing so fast and so enormously, in almost every field, that the probabilities are immensely against anybody, no matter how innately cleve… Henry Hazlitt
“ Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would be great enough in any case, but they are multiplied a tho… Henry Hazlitt
“ 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. Henry Hazlitt
“ There is an excellent short book (126 pages) by Faustino Ballvè, Essentials of Economics (Irvington-on-Hudson, N.Y.: Foundation for Economic Education), which briefly summarizes principles and policie… Henry Hazlitt
“ If we try to run the economy for the benefit of a single group or class, we shall injure or destroy all groups, including the members of the very class for whose benefit we have been trying to run it.… Henry Hazlitt
“ Private loans will utilize existing resources and capital far better than government loans. Government loans will waste far more capital and resources than private loans. Government loans, in short, a… Henry Hazlitt
“ Need is not demand. Effective economic demand requires not merely need but corresponding purchasing power. Henry Hazlitt
“ For every dollar that is spent on the (boondoggle) bridge a dollar will be taken away from taxpayers. If the bridge costs $1,000,000 the taxpayers will lose $1,000, 000. They will have that much taken… Henry Hazlitt
“ The demoralization that the debasement of the currency left in its wake played a major role in bringing Adolf Hitler into power in 1933. Henry Hazlitt
“ There is a strange idea abroad, held by all monetary cranks, that credit is something a banker gives to a man. Credit, on the contrary, is something a man already has. He has it, perhaps, because he a… Henry Hazlitt
“ Nothing is easier to achieve than full employment, once it is divorced from the goal of full production and taken as an end in itself Henry Hazlitt
“ Everything we get, outside of the free gifts of nature, must in some way be paid for. The world is full of so- called economists who in turn are full of schemes for getting something for nothing. They… Henry Hazlitt
“ This is perhaps as good a place as any to point out that what distinguishes many reformers from those who cannot accept their proposals is not their greater philanthropy, but their greater impatience.… Henry Hazlitt
“ 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,… Henry Hazlitt
“ ..either immediately or ultimately every dollar of government spending must be raised through a dollar of taxation. Once we look at the matter. In this way, the supposed miracles of government spendin… Henry Hazlitt
