A vital function of the free market is to penalize inefficiency and misjudgment and to reward efficiency and good judgment. By distorting economic calculations and creating illusory profits, inflation will destroy this function.
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
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
..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…
Inflation is not only unnecessary for economic growth. As long as it exists it is the enemy of economic growth. - Henry Hazlitt
Inflation is not only unnecessary for economic growth. As long as it exists it is the enemy of economic growth.
The vital consideration of incentives is almost systematically overlooked in the proposals of agitators for more and bigger government welfare scheme… - Henry Hazlitt
The vital consideration of incentives is almost systematically overlooked in the proposals of agitators for more and bigger government welfare scheme…
A man who is good from docility, and not from stern self-control, has no character. - Henry Hazlitt
A man who is good from docility, and not from stern self-control, has no character.
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
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…
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
Some champions of ever-greater governmental power and spending invent the theory that the taxpayers, left to themselves, spend the money they have ea…
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
When any welfare scheme is being proposed, its political sponsors always dwell on what a generous and compassionate government should pay to Paul; th…
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
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…
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