Quotes by Henry Hazlitt

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 spending will appear in another light.

Government

Light

Miracle

A certain amount of taxes is of course indispensable to carry on essential government functions. Reasonable taxes for this purpose need not hurt production much.

Essentials

Government

Hurt

A Day never passes without some ardent reformer or group of reformers suggesting some new government intervention, some new statist scheme to fill some alleged ‘need’ or relieve some alleged distress.

Government

Groups

Needs

A hundred welfare programs, spending more and more billions, lead to chronic budget deficits, which lead to increased paper-money issues, which lead to higher prices.

Issues

Paper

Welfare Programs

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

Character

Men

Self

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, the more fertile and precise is likely to be one’s thinking. Knowledge of things and knowledge of the words for them grow together. If you do not know the words, you can hardly know the thing.

Men

Thinking

Vocabulary

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.

Creating

Judgment

Rewards

All loans, in the eyes of honest borrowers, must eventually be repaid. All credit is debt. Proposals for an increased volume of credit, therefore, are merely another name for proposals for an increased burden of debt. They would seem considerably less inviting if they were habitually referred to by the second name instead of by the first.

Credit

Eye

Names

All subsidy measures, all schemes to redistribute income or to force Peter to support Paul, are one-eyed as well as shortsighted. They get their immediate appeal by focusing attention on the alleged needs of some particular group of intended beneficiaries. 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. Only one-half of the problem has been seen. The cost of the proposed solution has been overlooked.

Groups

Mean

Support

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.

Agency

Arbitrary

Government

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Age

Agency

Allies

America

Arbitrary

Army

Art

Assumption

Average

Balance

Battle

Benefits

Birth

Blessing

Book

Capitalism

Capitalist

Causes

Champion

Chaos

Character

Cheating

Cities

Citizens

Civilization

Coal

Coercion

College

Community

Competition

Compulsion

Confused

Country

Creating

Credit

Cures

Demand

Destiny

Determined

Doubt

Dream

Driving

Earning

Economic

Economics

Economy

Effort

Employment

Encouragement

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Quotes by Henry Hazlitt

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 spending will appear in another light.

A certain amount of taxes is of course indispensable to carry on essential government functions. Reasonable taxes for this purpose need not hurt production much.

A Day never passes without some ardent reformer or group of reformers suggesting some new government intervention, some new statist scheme to fill some alleged ‘need’ or relieve some alleged distress.

A hundred welfare programs, spending more and more billions, lead to chronic budget deficits, which lead to increased paper-money issues, which lead to higher prices.

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

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.

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.

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