The banker is not giving something for nothing.”, “private loans will utilize existing resources and capital far better than government loans. Government's main economic function is to encourage and preserve a free market. Quotations by Henry Hazlitt, American Philosopher, Born November 28, 1894. They get their immediate appeal by focusing attention on the alleged needs of some particular group of intended beneficiaries. This quote addresses a lot that has to do with character and human behavior. Author Quotes. “Basic Economics” is kind of costly , while “Economics in One Lesson” is available for free at the Foundation for Economic Education’s website. 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. 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. Knowledge of things and knowledge of the words for them grow together. If you want to know more or withdraw your consent to all or some of the cookies, please refer to the, Henry Hazlitt (1971). Proposals for an increased volume of credit, therefore, are merely another name for proposals for an increased burden of debt. 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. Here you will find all the famous Henry Hazlitt quotes. 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." Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) 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. “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 the friends of liberty and law could have only one slogan it should be: Stop the remedies! 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. 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. 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. 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. “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.228, Crown Business, Henry Hazlitt (1971). Nov 18, 2015 - Explore Jarid Blackburn's board "Henry Hazlitt", followed by 814 people on Pinterest. “A man with a scant vocabulary will almost certainly be a weak thinker. The Blessings of Destruction (ch. 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. Knowledge of things and knowledge of the words for them grow together. Follow AzQuotes on Facebook, Twitter and Google+. iWise brings you popular Henry Hazlitt quotes. Hazlitt, fully Henry Stuart Hazlitt. 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. Here he quotes Rand who, like Hazlitt and a few other great thinkers, always elevated the interests of the individual. Practically all government attempts to redistribute wealth and income tend to smother productive incentives and lead toward general impoverishment. Even where a price increase is possible, the higher price discourages buyers, shrinks the market, and also leads to unemployment. 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. 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 (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). The crying need today is not for more laws, but for fewer. Henry Hazlitt Quotes. Always attribute his success to the exploitation, the cheating, the more or less open robbery of others. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. Henry Hazlitt Quotes A man with a scant vocabulary will almost certainly be a weak thinker. 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. 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. 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. 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. The government has nothing to give to anybody that it doesn't first take from someone else. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. 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. 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. 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. Every increase in hourly wages, unless or until compensated by an equal increase in hourly productivity, is an increase in costs of production. The 'private sector' of the economy is, in fact, the voluntary sector; and the 'public sector' is, in fact, the coercive sector. There are more than 178+ quotes in our Henry Hazlitt quotes collection. Welcome back. “The Conquest of Poverty”, Henry Hazlitt (1971). 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. 1 A strong passion for any object will ensure success, for the desire of the end will point out the means. Quote by Henry Hazlitt: “The whole gospel of Karl Marx can be summed up ...”. But real income can only be increased by working harder or more efficiently, saving more, investing more, and producing more. 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 The capitalist system has lifted mankind out of mass poverty. Complete list of quotes and quotations by Henry Hazlitt. “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.11, Crown Business, Henry Hazlitt (2010). A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this day. 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. 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. This is no accident. He brings it into the bank with him. In brief, for a low wage you substitute unemployment. Henry Hazlitt. All credit is debt. #Government #Citizens #Littles Economics is haunted by more fallacies than any other study known to man. Bio from Wikipedia, the free encyclopedia. He has it, perhaps, because he already has marketable assets of a greater cash value than the loan for which he is asking. 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. The world must be saved from its saviors. He is widely cited in both libertarian and conservative circles. 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. 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. 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. 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. #Real #Looks #Wages “What is put into the hands of B cannot be put into the hands of A.”-- Henry Hazlitt . Aboard, held by all monetary cranks, that credit is something a man what immediately ;. 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