Henry Hazlitt Quotes About Free Market

Quotes about: Free Market

• The way to maximize production is to maximize the incentives to production. And the way to do that, as the modern world has discovered, is through the system known as capitalism - the system of private property, free markets, and free enterprise.

  Henry Hazlitt

  World, Incentives, Way

  Henry Hazlitt (1971). “Man Vs. the Welfare State”, p.95, Ludwig von Mises Institute

• The sad fact is that today most of the heads of big businesses in America have become so confused or intimidated that, so far from carrying the free market to argument to the enemy, they fail to defend themselves adequately even when attacked.

  Henry Hazlitt

  Confused, America, Enemy

• The way to get a maximum rate of 'economic growth' assuming this to be our aim - is to give maximum encouragement to production, employment, saving, and investment. And the way to do this is to maintain a free market and a sound currency.

  Henry Hazlitt

  Encouragement, Giving, Growth

  Henry Hazlitt (1971). “Man Vs. the Welfare State”, p.135, Ludwig von Mises Institute

• We are so accustomed to the miracle of private enterprise that we habitually take it for granted. But how does private industry solve the incredibly complex problem of turning out tens of thousands of different goods and services in the proportions in which they are wanted by the public? ... It solves these problems through the institutions of private property, competition, the free market, and the existence of money - through the interrelations of supply and demand, costs and prices, profits and losses.

  Henry Hazlitt

  Loss, Miracle, Competition

• 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.

  Henry Hazlitt

  Creating, Rewards, Judgment

  Henry Hazlitt (1971). “Man Vs. the Welfare State”, p.133, Ludwig von Mises Institute

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