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The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. 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

Henry Hazlitt
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Henry Hazlitt's Popular Quotes

Government welfarism, with its ever-increasing army of pensioners and other beneficiaries, is fatally easy to launch and fatally easy to extend, but …

- 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 th…

- Henry Hazlitt

A man who is good from docility, and not from stern self-control, has no character.

- 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. Never under any circumstances admit…

- Henry Hazlitt

When Alexander the Great visited the philosopher Diogenes and asked whether he could do anything for him, Diogenes is said to have replied: ‘Yes, sta…

- Henry Hazlitt

Inflation is not only unnecessary for economic growth. As long as it exists it is the enemy of economic growth.

- Henry Hazlitt

The vital consideration of incentives is almost systematically overlooked in the proposals of agitators for more and bigger government welfare scheme…

- Henry Hazlitt

When any welfare scheme is being proposed, its political sponsors always dwell on what a generous and compassionate government should pay to Paul; th…

- Henry Hazlitt

Some champions of ever-greater governmental power and spending invent the theory that the taxpayers, left to themselves, spend the money they have ea…

- Henry Hazlitt
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