Henry Hazlitt Quotes About Economics

Quotes about: Economics

• Economics is haunted by more fallacies than any other study known to man

  Henry Hazlitt

  Men, Study, Economics

  Henry Hazlitt (2010). “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.11, Crown Business

• 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.

  Henry Hazlitt

  Philosophy, Successful, Government

  Henry Hazlitt (2010). “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.45, Crown Business

• The larger the percentage of the national income taken by taxes the greater the deterrent to private production and employment. When the total tax burden grows beyond a bearable size, the problem of devising taxes that will not discourage and disrupt production becomes insoluble.

  Henry Hazlitt

  Taken, Political, Income

  Henry Hazlitt (2010). “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.35, Crown Business

• 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.

  Henry Hazlitt

  Art, Liberty, Groups

  Henry Hazlitt (2010). “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.13, Crown Business

• Practically all government attempts to redistribute wealth and income tend to smother productive incentives and lead toward general impoverishment.

  Henry Hazlitt

  Government, Income, Incentives

  Henry Hazlitt (2010). “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.228, Crown Business

• Economics is haunted by more fallacies than any other study known to man. This is no accident. 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.

  Henry Hazlitt

  Selfish, Men, Medicine

  Henry Hazlitt (2010). “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.11, Crown Business

• The monetary managers are fond of telling us that they have substituted 'responsible money management' for the gold standard. But there is no historic record of responsible paper money management ... The record taken, as a whole is one of hyperinflation, devaluation and monetary chaos.

  Henry Hazlitt

  Taken, Liberty, Gold

• It is often sadly remarked that the bad economists present their errors to the public better than the good economists present their truths. It is often complained that demagogues can be more plausible in putting forward economic nonsense from the platform than the honest men who try to show what is wrong with it.

  Henry Hazlitt

  Philosophy, Men, Errors

  Henry Hazlitt (2010). “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.14, Crown Business

• Everything we get, outside of the free gifts of nature, must in some way be paid for. The world is full of so- called economists who in turn are full of schemes for getting something for nothing. 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."

  Henry Hazlitt

  Philosophy, Government, Free Gifts

• There is no more certain way to deter employment than to harass and penalize employers.

  Henry Hazlitt

  Philosophy, Political, Employment

  Henry Hazlitt (2010). “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.222, Crown Business

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