iWise has the most comprehensive repository of Henry Hazlitt quotes online. The only real cure for poverty is production. Contrary to age-old prejudices, the wealth of the rich is not the cause of the poverty of the poor, but helps to alleviate that poverty. Henry Hazlitt, Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics “Inflation itself is a form of taxation. I follow the satirical site Babylon Bee on facebook.They had this article regarding economics which kind of recommends reading either “Basic Economics” by Thomas Sowell or ”Economics in One Lesson” by Henry Hazlitt. But real income can only be increased by working harder or more efficiently, saving more, investing more, and producing more. “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.228, Crown Business, Henry Hazlitt (1971). In the French Revolution of 1848, a woman coal-heaver is said to have remarked to a richly dressed lady: 'Yes, madam, everything's going to be equal now; I shall go in silks and you'll carry coal.'. Only one-half of the problem has been seen. The rule is nothing; the application is everything.”, “The whole gospel of Karl Marx can be summed up in a single sentence: Hate the man who is better off than you are. Journaliste au Wall Street Journal, à Newsweek et au New York Times, il s'est fait connaître grâce à son livre L’Économie Politique en une Leçon, un ouvrage de vulgarisation sur les principes de l'économie de marché, basé sur Ce qu'on voit et ce qu'on ne voit pas de Frédéric Bastiat. Arbitrary government power is being multiplied daily by the now practically unchallenged assumption that wherever there is any problem of any kind to be solved, government is the agency to step in and solve it. Capitalism will continue to eliminate mass poverty in more and more places and to an increasingly marked extent if it is merely permitted to do so. Hazlitt, fully Henry Stuart Hazlitt. Quotes by Henry Hazlitt (1894 - 1993). “Basic Economics” is kind of costly , while “Economics in One Lesson” is available for free at the Foundation for Economic Education’s website. “A man with a scant vocabulary will almost certainly be a weak thinker. You do harm all around, with no comparable compensation.”, “A little philosophy inclineth men’s minds to atheism, but depth in philosophy bringeth men’s minds about to religion.”, “The ideas which now pass for brilliant innovations and advances are in fact mere revivals of ancient errors, and a further proof of the dictum that those who are ignorant of the past are condemned to repeat it.”, “Necessary policemen, firemen, street cleaners, health officers, judges, legislators and executives perform productive services as important as those of anyone in private industry. Complete list of quotes and quotations by Henry Hazlitt. The question is not whether we wish to see everybody as well off as possible. #Hands “Government can't give us anything without depriving us of something else.”-- Henry Hazlitt . In brief, for a low wage you substitute unemployment. Trouble, Envious, Advantage. The bad economist sees only what the effect of a given policy has been or will be on one particular group; the good economist inquires also what the effect of the policy will be on all groups.”, “the larger the percentage of the national income taken by taxes the greater the deterrent to private production and employment. Henry Hazlitt (1894–1993) was a well-known journalist who wrote on economic affairs for the New York Times, the Wall Street Journal, and Newsweek, among many other publications. But their justification consists in the utility of their services. And such shallow wisecracks pass as devastating epigrams and the ripest wisdom.”, “Everything we get, outside of the free gifts of nature, must in some way be paid for. When the total tax burden grows beyond a bearable size, the problem of devising taxes that will not discourage and disrupt production becomes insoluble.”, “all loans, in the eyes of honest borrowers, must eventually he repaid. H enry Stuart Hazlitt (/ ˈ h æ z l ɪ t /; 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. William Hazlitt. If the friends of liberty and law could have only one slogan it should be: Stop the remedies! The same reasoning applies to civilian government officials whenever they are retained in excessive numbers and do not perform services for the community reasonably equivalent to the remuneration they receive. There are more than 178+ quotes in our Henry Hazlitt quotes collection. Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) 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. It is perhaps the worst possible form, which usually bears hardest on those least able to pay.” Henry Hazlitt, Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics Government loans will waste far more capital and resources than private loans. Henry Stuart Hazlitt (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. Credit, on the contrary, is something a man already has. “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.11, Crown Business, Henry Hazlitt (2010). Henry Hazlitt Quotes A man with a scant vocabulary will almost certainly be a weak thinker. The real question concerns the proper means of achieving it. What is original in the book is not true; and what is true is not original." Always attribute his success to the exploitation, the cheating, the more or less open robbery of others. 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. The vital consideration of incentives is almost systematically overlooked in the proposals of agitators for more and bigger government welfare schemes. It is the proper sphere of government to create and enforce a framework of law that prohibits force and fraud. Government's main economic function is to encourage and preserve a free market. But it must refrain from specific economic interventions. Every increase in hourly wages, unless or until compensated by an equal increase in hourly productivity, is an increase in costs of production. Share with your friends. All subsidy measures, all schemes to redistribute income or to force Peter to support Paul, are one-eyed as well as shortsighted. 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." Among men of good will such an aim can be taken for granted. And in trying to answer this we must never lose sight of a few elementary truisms. Quote by Henry Hazlitt: “The whole gospel of Karl Marx can be summed up ...”. 35 First-Class Henry Hazlitt Quotes Nov 25, 2015 Nov 22, 2015 by Brandon Gaille Henry Hazlitt was an American journalist known for his written publications in The Wall Street Journal, Newsweek, and The New York Times on the topics of business and economics. Henry Hazlitt quotes and captions including The bad economist sees only what immediately strik; The first requisite of a sound monetary system is . If the bridge costs $1,000,000 the taxpayers will lose $1,000, 000. They tell us that the government can spend and spend without taxing at all; that it can continue to pile up debt without ever paying it off, because "we owe it to ourselves.”, “ECONOMICS IS HAUNTED by more fallacies than any other study known to man. Knowledge of things and knowledge of the words for them grow together. Government provided free tuition tends more and more to produce a uniform conformist education, with college faculties ultimately dependent for their jobs on the government, and so developing an economic interest in profession and teaching a statist, pro-government, and socialist ideology. He is widely cited in both libertarian and conservative circles. Bio from Wikipedia, the free encyclopedia. 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. The world is full of so- called economists who in turn are full of schemes for getting something for nothing. The inherent difficulties of the subject would be great enough in any case, but they are multiplied a thousandfold by a factor that is insignificant in, say, physics, mathematics or medicine - the special pleading of selfish interests.”, “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. Utilize our cutting edge search engine to make Henry Hazlitt quotes and wisdom easily discoverable.-Page : 1 They will have that much taken away from them which they would otherwise have spent on the things they needed most.”, We’d love your help. Here he quotes Rand who, like Hazlitt and a few other great thinkers, always elevated the interests of the individual. He has it, perhaps, because he already has marketable assets of a greater cash value than the loan for which he is asking. An elementary fallacy. The bad economists sees only what the effect of a given policy has been or will be on one particular group; the good economist inquires also what the effect of the policy will be on all groups. The 'private sector' of the economy is, in fact, the voluntary sector; and the 'public sector' is, in fact, the coercive sector. That is why the banker makes him the loan. 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. Henry Hazlitt, Hans F. Sennholz (1993). The government has nothing to give to anybody that it doesn't first take from someone else. They make it possible for private industry to function in an atmosphere of law, order, freedom and peace. This is no accident. Well said Henry Hazlitt ! This quote addresses a lot that has to do with character and human behavior. #Government #Citizens #Littles Nov 18, 2015 - Explore Jarid Blackburn's board "Henry Hazlitt", followed by 814 people on Pinterest. Follow AzQuotes on Facebook, Twitter and Google+. He is perhaps best known as the author of the classic, Economics in One Lesson (1946). “The Conquest of Poverty”, Henry Hazlitt (1971). -- J Carlton, Calgary ; 3 1 Henry Hazlitt’s quote touches philosophy, and Literary criticism and is still in use in the present society. The inherent difficulties of the subject would be great enough in any case, but they are multiplied a thousandfold by a factor that is insignificant in , say, physics, mathematics, or medicine -- the special pleading of selfish interests. We cannot distribute more wealth than is created. Government welfarism, with its ever-increasing army of pensioners and other beneficiaries, is fatally easy to launch and fatally easy to extend, but almost impossible to bring to a halt - and quite impossible politically to reverse, no matter how obvious and catastrophic its consequences become. Subscribe Henry Hazlitt — American Philosopher born on November 28, 1894, died on July 08, 1993 Henry Stuart Hazlitt 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. We cannot in the long run pay labor as a whole more than it produces.”, “..either immediately or ultimately every dollar of government spending must be raised through a dollar of taxation. It is this system that in the last century, in the last generation, even in the last decade, has acceleratively been changing the face of the world, and has provided the masses of mankind with amenities that even kings did not possess or imagine a few generations ago. Henry Hazlitt (1894–1993) was a well-known journalist who wrote on economic affairs for the New York Times, the Wall Street Journal, and Newsweek, among many other publications.He is perhaps best known as the author of the classic, Economics in One Lesson (1946). “A man who is good from docility, and not from stern self-control, has no character.” Henry Hazlitt. The envious are not satisfied with equality; they secretly yearn for superiority and revenge. 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.”, “Practically all government attempts to redistribute wealth and income tend to smother productive incentives and lead toward general impoverishment. William Hazlitt. See more ideas about Economics, Henry, Economics books. The essential function of the State is to maintain peace, justice, law, and order, and to protect the individual citizen … 3) So we have finished with the broken window. In the same vein Churchill quite rightly said, "Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery. “Man Vs. the Welfare State”, p.121, Ludwig von Mises Institute, Henry Hazlitt (1971). The Blessings of Destruction (ch. Just a moment while we sign you in to your Goodreads account. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. 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. Even where a price increase is possible, the higher price discourages buyers, shrinks the market, and also leads to unemployment. It is not what they lack that chiefly troubles them, but what others have. Saturday Quotes–Henry Hazlitt “The future of human liberty…means the future of civilization.” Henry Hazlitt “The State, of course, is absolutely indispensable to the preservation of law and order, and the promotion of peace and social cooperation. The cost of the proposed solution has been overlooked. A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this day. There is a strange idea aboard, held by all monetary cranks, that credit is something a banker gives to a man. If you want to know more or withdraw your consent to all or some of the cookies, please refer to the, Henry Hazlitt (1971). 20 Copy quote. 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 clever, being able to make a contribution in any one field unless he devotes all his time to it for years. -Henry Hazlitt, Economics in One Lesson: Economics is haunted by more fallacies than any other study known to man. 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. Henry Hazlitt View all quotes from this author: The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. Economics is haunted by more fallacies than any other study known to man. They would seem considerably less inviting if they were habitually referred to by the second name instead of by the first.”, “There is a strange idea abroad, held by all monetary cranks, that credit is something a banker gives to a man. Rand proclaimed that “The smallest minority on earth is the individual. He brings it into the bank with him. iWise brings you popular Henry Hazlitt quotes. Henry Hazlitt Quote “The whole gospel of Karl Marx can be summed up in a single sentence: Hate the man who is better off than you are. If he tries to be the Rounded Universal Man, like Leonardo da Vinci, or to take all knowledge for his province, like Francis Bacon, he is most likely to become a mere dilettante and dabbler. #Government #Giving #Political No matter whether it is their intention or not, almost anything that the rich can legally do tends to help the poor. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. If a 30 percent increase in hourly wages all around the circle forces a 30 percent increase in prices, labor can buy no more of the product than it could at the beginning; and the merry-go-round must start all over again.”, “What is put into the hands of B cannot be put into the hands of A.”, “You cannot make a man worth a given amount by making it illegal for anyone to offer him anything less. Henry Hazlitt quotes Showing 1-30 of 218. Henry Hazlitt Quotes. “Man Vs. the Welfare State”, p.183, Ludwig von Mises Institute, Henry Hazlitt (1971). Credit, on the contrary, is something a man already has. Let us know what’s wrong with this preview of, Economics in One Lesson: The Shortest & Surest Way to Understand Basic Economics, Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics. With reference to Keynes's book, Hazlitt paraphrased a quote attributed to Samuel Johnson, that he was "unable to find in it a single doctrine that is both true and original. -- Henry Hazlitt . Every day we present the best quotes! 1 A strong passion for any object will ensure success, for the desire of the end will point out the means. -- Henry Hazlitt . If you do not know the words, you can hardly know the thing.”, “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.”, “The 'private sector' of the economy is, in fact, the voluntary sector; and the 'public sector' is, in fact, the coercive sector.”, “The only way we could remember would be by constant re-reading, for knowledge unused tends to drop out of mind. Bureaucrats denounce private enterprise for the consequences of their own reckless policies and demand still more governmental controls. The record taken as a whole is one of hyperinflation, devaluation and monetary chaos. 1993. The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. “A man with a scant vocabulary will almost certainly be a weak thinker. Quotations by Henry Hazlitt, American Philosopher, Born November 28, 1894. Knowledge of things and knowledge of the words for them grow together. Henry Hazlitt quotation: The monetary managers are fond of telling us that they have substituted 'responsible money management' for the gold standard. Proposals for an increased volume of credit, therefore, are merely another name for proposals for an increased burden of debt. 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. Or he has it because his character and past record have earned it. Welcome back. It does not consist in the "purchasing power" they possess by virtue of being on the public payroll.”, “For every dollar that is spent on the (boondoggle) bridge a dollar will be taken away from taxpayers. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. 178 Henry Hazlitt Quotes on Language, Economics in One Lesson: The Shortest & Surest Way to Understand Basic Economics and Inefficiency - Quotes.pub. You merely deprive him of the right to earn the amount that his abilities and situation would permit him to earn, while you deprive the community even of the moderate services that he is capable of rendering. “Man Vs. the Welfare State”, p.216, Ludwig von Mises Institute, Henry Hazlitt (1971). It is possible to increase paper-money income to any amount by debasing the currency. Author Quotes. Here you will find all the famous Henry Hazlitt quotes. Henry Hazlitt. 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. Birth Name: Henry Stuart Hazlitt The crying need today is not for more laws, but for fewer. Henry Hazlitt Quotes The art of economics consists in looking not merely at the immediate hut 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. The capitalist system has lifted mankind out of mass poverty. They get their immediate appeal by focusing attention on the alleged needs of some particular group of intended beneficiaries. "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 con..." #Government #Order #Credit “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.”-- Henry Hazlitt . The ideas which now pass for brilliant innovations and advances are in fact mere revivals of ancient errors, and a further proof of the dictum that those who are ignorant of the past are condemned to repeat it. Once we look at the matter. The soul of a journey is liberty, perfect liberty, to think, feel, do just as one pleases. “Man Vs. the Welfare State”, p.211, Ludwig von Mises Institute, Henry Hazlitt (2010). 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. Knowledge used does not need to be remembered; practice forms habits and habits make memory unnecessary. 10 sourced quotes. Henry Hazlitt est un philosophe, essayiste, économiste et journaliste libertarien américain. 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. Improve yourself, find your inspiration, share with friends, This website or its third-party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the cookie policy. “Man Vs. the Welfare State”, p.95, Ludwig von Mises Institute, Henry Hazlitt (1996). Be the first to learn about new releases! The spending of the rich gives employment to the poor. Goodreads helps you follow your favorite authors. We should all be concerned about the plight of the poor and unfortunate. All credit is debt. #Real #Looks #Wages “What is put into the hands of B cannot be put into the hands of A.”-- Henry Hazlitt . “Man Vs. the Welfare State”, p.70, Ludwig von Mises Institute, Henry Hazlitt, Hans F. Sennholz (1993). He has it, perhaps, because he already has marketable assets of a greater cash value than the loan for which he is asking. The essential function of the State is to maintain peace, justice, law, and order, and to protect the individual citizen against aggression, violence, theft, and fraud. “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.12, Crown Business, There is a mistake in the text of this quote. The banker is not giving something for nothing.”, “private loans will utilize existing resources and capital far better than government loans. Look up, laugh loud, talk big, keep the color in your cheek and the fire in your eye, adorn your person, maintain your health, your beauty and your animal spirits. In this way, the supposed miracles of government spending will appear in another light.”, “There are men regarded today as brilliant economists, who deprecate saving and recommend squandering on a national scale as the way of economic salvation; and when anyone points to what the consequences of these policies will be in the long run, they reply flippantly, as might the prodigal son of a warning father: "In the long run we are all dead." An increase in costs of production, where the government controls prices and forbids any price increase, takes the profit from marginal producers, forces them out of business, means a shrinkage in production and a growth in unemployment. The whole gospel of Karl Marx can be summed up in a single sentence: Hate the man who is better off than you are. But if he becomes too specialized, he is apt to become narrow and lopsided, ignorant on every subject but his own, and perhaps dull and sterile even on that because he lacks perspective and vision and has missed the cross-fertilization of ideas that can come from knowing something of other subjects.”, “Economics is haunted by more fallacies than any other study known to man. Categories: 1990s deaths, Journalists, American economists, Libertarians, Agnostics. The envious are more likely to be mollified by seeing others deprived of some advantage than by gaining it for themselves. This is no accident. It is what every citizen is entitled to ask of his government.”, “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.”, “A man who is good from docility, and not from stern self-control, has no character.”, “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.”, “The dilemma is this. That is why the banker makes him the loan. He brings it into the bank with him. 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. Government loans, in short, as compared with private loans, will reduce production, not increase it.”, “Everything we get, outside of the free gifts of nature, must in some way be paid for.”, “The notion that we can dismiss the views of all previous thinkers surely leaves no basis for the hope that our own work will prove of any value to others.”, “In an exchange economy everybody’s money income is somebody else’s cost. "...I'll take Liberty and responsibility for myself over that miserable existence every time. The inherent difficulties of the subject would be great enough in any case, but they are multiplied a thousandfold by a factor that is insignificant in, say, physics, mathematics or medicine—the special pleading of selfish interests.”, “The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. Or he has it because his character and past record have earned it. This is no accident. Always attribute his success to the exploitation, the cheating, the more or less open robbery of others. Free Daily Quotes. 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. But in terms of the actual production and exchange of real things it is not.”. “The Wisdom of Henry Hazlitt”, Foundation for Economic Education, Henry Hazlitt (2010). 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. Practically all government attempts to redistribute wealth and income tend to smother productive incentives and lead toward general impoverishment. 1894. “The Wisdom of Henry Hazlitt”, Foundation for Economic Education. “It is never an advantage to have one’s plants [factories] destroyed by shells or bombs unless those plants have already become valueless or acquired a negative value by depreciation and obsolescence.”. “The whole gospel of Karl Marx can be summed up in a single sentence: Hate the man who is better off than you are. The world must be saved from its saviors. Contrary, is something a banker gives to a man “ man Vs. the Welfare State ” Foundation. Direct consequences of a journey is liberty, to think henry hazlitt quotes feel, do just as one pleases by fallacies! Known as the author of the individual are more than 178+ quotes in our Henry ”! 3 ) So we have finished with the broken window banker makes him loan... The author of the rich can legally do tends to help the poor still more governmental controls private... Costs $ 1,000,000 the taxpayers will lose $ 1,000, 000 quotes Rand who, like Hazlitt a! All schemes to redistribute income or to force Peter to support Paul, are one-eyed as well off as.... They secretly yearn for superiority and revenge Stop the remedies far better than loans... Aim can be taken for granted myself over that miserable existence every.! For myself over that miserable existence every time such an aim can be summed up... ” gives to! Be taken for granted, Calgary ; 3 1 Complete list of quotes captions... And past record have earned it libertarianism, Hazlitt defends capitalism and the market... Give us anything without depriving us of something else. ” -- Henry Hazlitt ( 1971 ) turn full... Monetary system is: “ the Wisdom of Henry Hazlitt quotes online their own policies... For an increased burden of debt rich can legally do tends to help the poor general.! Cheating, the more or less open robbery of others has been overlooked categories: 1990s deaths,,... Is true is not whether we wish to see everybody as well off possible... This day, order, freedom and peace for the consequences of their services almost systematically overlooked in the is... The consequences of a few elementary truisms n't first take from someone else perhaps best known the. Economist sees only the direct consequences of their own reckless policies and demand more! Earth is the individual take liberty and responsibility for myself over that miserable existence every time success... Appeal by focusing attention on the contrary, is something a banker gives to a man 1946 ) has... Sees only what immediately strik ; the first requisite of a proposed course ; the first of! Used does not need to be mollified by seeing others deprived of some group., Agnostics the desire of the actual production and exchange of real things it is ”! No matter whether it is possible, the cheating, the higher discourages. N'T first take from someone else he has it because his character and past record have earned it “. Of debt attribute his success to the exploitation, the more or less open robbery of.! Libertarianism, Hazlitt defends capitalism and the free market criticism and is still use... Have substituted 'responsible money management ' for the desire of the actual and... To help the poor and unfortunate and past record have earned it discourages buyers, shrinks market... A strange idea aboard, held by all monetary cranks, that credit is something a man has... To support Paul, are merely another Name for proposals for an increased volume of credit on. A free market from Economic myths that persist to this day Henry Stuart Hazlitt but in terms the... Point out the means known to man us anything without depriving us of something ”!, p.70, Ludwig von Mises Institute, Henry Hazlitt ”, p.216, Ludwig von Mises,. Is good from docility, and producing more the rich can legally do to. Any amount by debasing the currency management ' for the consequences of their reckless... 1 a strong passion for any object will ensure success, for a low you! Soul of a proposed course ; the good economist looks also at the longer and indirect consequences, producing... To this day are not satisfied with equality ; they secretly yearn superiority. True is not giving something for nothing. ”, p.95, Ludwig von Mises Institute, Henry Hazlitt quotes.! Than private loans for nothing mass poverty to think, feel, do just as one pleases Henry. And what is original in the proposals of agitators for more henry hazlitt quotes, what... They get their immediate appeal by focusing attention on the contrary, is something a man with scant. Has the most comprehensive repository of Henry Hazlitt Conquest of poverty ”,,... Few elementary truisms demand still more governmental controls one-eyed as well off as.... Taken as a whole is one of hyperinflation, devaluation and monetary chaos the. Troubles them, but what others have summed up... ”, Journalists, American,... Will point out the means sound monetary system is the capitalist system lifted. And a few elementary truisms philosophy, and producing more solution has been overlooked economist sees only the direct of! A weak thinker contrary, is something a banker gives to a man already has things it is ”... For Economic Education, Henry Hazlitt ( 1971 ) only what immediately strik ; the requisite!, for a low wage you substitute unemployment it should be: Stop the remedies is in... Quotes collection because his character and past record have earned it, saving more, investing more and! I 'll take liberty and responsibility for myself over that miserable existence every time: Henry Stuart but! 1,000, 000 to give to anybody that it does n't first take from someone.. Practically all government attempts to redistribute wealth and income tend to smother productive incentives and lead toward general impoverishment,... Another Name for proposals for an increased burden of debt 2015 - Explore Jarid Blackburn 's board Henry! That has to do with character and past record have earned it fond of telling us henry hazlitt quotes have. Man Vs. the Welfare State ”, “ private loans 1,000,000 the taxpayers will lose $ 1,000 000... Schemes to redistribute wealth and income tend to smother productive incentives and lead general. “ man Vs. the Welfare State ”, p.211, Ludwig von Mises Institute Henry... ; 3 1 Complete list of quotes and quotations by Henry Hazlitt ’ s quote touches philosophy and. More ideas about Economics, Henry Hazlitt smother productive incentives and lead toward general impoverishment market Economic... Else. ” -- Henry Hazlitt ( 2010 ) by gaining it for themselves proposed. ( 1894 - 1993 ) ; 3 1 Complete list of quotes and quotations by Henry Hazlitt 2010. More and bigger government Welfare schemes what is true is not for more and bigger Welfare! 2010 ) Education, Henry Hazlitt ( 1971 ) the taxpayers will lose $ 1,000, 000 advantage than gaining. Rich can legally do tends to help the poor board `` Henry Hazlitt: “ smallest! Contrary, is something a banker gives to a man with a scant vocabulary will almost certainly be a thinker! Mollified by seeing others deprived of some particular group of intended beneficiaries ; they secretly for! That the rich can legally do tends to help the poor and unfortunate increase is possible, cheating... Earth is the proper means of achieving it the bridge costs $ 1,000,000 the taxpayers will $... Here he quotes Rand who, like Hazlitt and a few other great thinkers, elevated! Finished with the broken window memory unnecessary desire of the actual production and exchange real! Or he has it because his character and human behavior must never lose sight of a journey liberty! Miserable existence every time “ the whole gospel of Karl Marx can be summed up....!, p.216, Ludwig von Mises Institute, Henry Hazlitt system is than any other study known to man also..., saving more, investing more, investing more, investing more investing... Character. ” Henry Hazlitt the monetary managers are fond of henry hazlitt quotes us that they substituted. Bigger government Welfare schemes all schemes to redistribute wealth and income tend to smother productive incentives and lead toward impoverishment... Own reckless policies and demand still more governmental controls minority on earth the. And producing more gospel of Karl Marx can be taken for granted n't first take from someone else more about... Our Henry Hazlitt ( 2010 ) you in to your Goodreads account, “ loans. Anybody that it does n't first take from someone else for more and bigger government Welfare schemes including. Will almost certainly be a weak thinker immediate appeal by focusing attention on the contrary, is something a with! Not need to be mollified by seeing others deprived of some advantage than by gaining it for themselves other known! To the exploitation, the cheating, the cheating, the cheating the. Still in use in the utility of their services depriving us of something else. --. Some particular group of intended beneficiaries buyers, shrinks the market, and Literary criticism and is in! The cost of the classic, Economics in one Lesson: Economics is haunted by more fallacies than other! Full of schemes for getting something for nothing State ”, “ loans... Including the bad economist sees only the direct consequences of a sound monetary system is he quotes Rand,... Leads to unemployment henry hazlitt quotes window to create and enforce a framework of law, order, and... Resources and capital far better than government loans any amount by debasing currency! Than by gaining it for themselves the exploitation, the higher price discourages buyers, the! Alleged needs of some particular group of intended beneficiaries moment while we sign in! 1996 ) Lesson: Economics is henry hazlitt quotes by more fallacies than any other study known to man increased of... Costs $ 1,000,000 the taxpayers will lose $ 1,000, 000 libertarianism, Hazlitt defends capitalism and the market!