Government welfarism, with its ever-increasing army of pensioners and other beneficiaries, is fatally easy to launch and fatally easy to extend, but almost impossible to bring to a halt - and quite impossible politically to reverse, no matter how obvious and catastrophic its consequences become. When the total tax burden grows beyond a bearable size, the problem of devising taxes that will not discourage and disrupt production becomes insoluble.”, “all loans, in the eyes of honest borrowers, must eventually he repaid. An increase in costs of production, where the government controls prices and forbids any price increase, takes the profit from marginal producers, forces them out of business, means a shrinkage in production and a growth in unemployment. Trouble, Envious, Advantage. Bureaucrats denounce private enterprise for the consequences of their own reckless policies and demand still more governmental controls. Knowledge of things and knowledge of the words for them grow together. #Government #Giving #Political Henry Hazlitt quotes and captions including The bad economist sees only what immediately strik; The first requisite of a sound monetary system is . Henry Hazlitt quotation: The monetary managers are fond of telling us that they have substituted 'responsible money management' for the gold standard. Utilize our cutting edge search engine to make Henry Hazlitt quotes and wisdom easily discoverable.-Page : 1 Improve yourself, find your inspiration, share with friends, This website or its third-party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the cookie policy. “The whole gospel of Karl Marx can be summed up in a single sentence: Hate the man who is better off than you are. Complete list of quotes and quotations by Henry Hazlitt. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. He has it, perhaps, because he already has marketable assets of a greater cash value than the loan for which he is asking. The spending of the rich gives employment to the poor. Quotes by Henry Hazlitt (1894 - 1993). The banker is not giving something for nothing.”, “private loans will utilize existing resources and capital far better than government loans. -- Henry Hazlitt . The ideas which now pass for brilliant innovations and advances are in fact mere revivals of ancient errors, and a further proof of the dictum that those who are ignorant of the past are condemned to repeat it. #Government #Order #Credit “When Alexander the Great visited the philosopher Diogenes and asked whether he could do anything for him, Diogenes is said to have replied: ‘Yes, stand a little less between me and the sun.’ It is what every citizen is entitled to ask of his government.”-- Henry Hazlitt . The rule is nothing; the application is everything.”, “The whole gospel of Karl Marx can be summed up in a single sentence: Hate the man who is better off than you are. If you do not know the words, you can hardly know the thing.”, “When Alexander the Great visited the philosopher Diogenes and asked whether he could do anything for him, Diogenes is said to have replied: ‘Yes, stand a little less between me and the sun.’ It is what every citizen is entitled to ask of his government.”, “The 'private sector' of the economy is, in fact, the voluntary sector; and the 'public sector' is, in fact, the coercive sector.”, “The only way we could remember would be by constant re-reading, for knowledge unused tends to drop out of mind. But the saving of the rich, and their investment of these savings in the means of production, gives just as much employment, and in addition makes that employment constantly more productive and more highly paid, while it also constantly increases and cheapens the production of necessities and amenities for the masses. Henry Hazlitt. Categories: 1990s deaths, Journalists, American economists, Libertarians, Agnostics. #Hands “Government can't give us anything without depriving us of something else.”-- Henry Hazlitt . Once we look at the matter. He brings it into the bank with him. “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.12, Crown Business, There is a mistake in the text of this quote. -- J Carlton, Calgary ; 3 1 They will have that much taken away from them which they would otherwise have spent on the things they needed most.”, We’d love your help. He is widely cited in both libertarian and conservative circles. It is what every citizen is entitled to ask of his government.”, “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.”, “A man who is good from docility, and not from stern self-control, has no character.”, “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.”, “The dilemma is this. They would seem considerably less inviting if they were habitually referred to by the second name instead of by the first.”, “There is a strange idea abroad, held by all monetary cranks, that credit is something a banker gives to a man. 3) So we have finished with the broken window. Nov 18, 2015 - Explore Jarid Blackburn's board "Henry Hazlitt", followed by 814 people on Pinterest. “Man Vs. the Welfare State”, p.211, Ludwig von Mises Institute, Henry Hazlitt (2010). Here you will find all the famous Henry Hazlitt quotes. The question is not whether we wish to see everybody as well off as possible. Every day we present the best quotes! Hazlitt, fully Henry Stuart Hazlitt. It does not consist in the "purchasing power" they possess by virtue of being on the public payroll.”, “For every dollar that is spent on the (boondoggle) bridge a dollar will be taken away from taxpayers. But in terms of the actual production and exchange of real things it is not.”. Only one-half of the problem has been seen. But the hard two-part question that any plan for relieving poverty must answer is: How can we mitigate the penalties of failure and misfortune without undermining the incentives to effort and success. The crying need today is not for more laws, but for fewer. When Alexander the Great visited the philosopher Diogenes and asked whether he could do anything for him, Diogenes is said to have replied: ‘Yes, stand a little less between me and the sun.’ It is what every citizen is entitled to ask of his government. Author Quotes. Henry Hazlitt est un philosophe, essayiste, économiste et journaliste libertarien américain. 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.”, “ECONOMICS IS HAUNTED by more fallacies than any other study known to man. Henry Hazlitt (1894–1993) was a well-known journalist who wrote on economic affairs for the New York Times, the Wall Street Journal, and Newsweek, among many other publications.He is perhaps best known as the author of the classic, Economics in One Lesson (1946). "...I'll take Liberty and responsibility for myself over that miserable existence every time. The soul of a journey is liberty, perfect liberty, to think, feel, do just as one pleases. Never under any circumstances admit that his success may be due to his own efforts, to the productive contribution he has made to the whole community. 1894. The Blessings of Destruction (ch. In the same vein Churchill quite rightly said, "Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery. With reference to Keynes's book, Hazlitt paraphrased a quote attributed to Samuel Johnson, that he was "unable to find in it a single doctrine that is both true and original. In brief, for a low wage you substitute unemployment. H enry Stuart Hazlitt (/ ˈ h æ z l ɪ t /; November 28, 1894 – July 9, 1993) was an American journalist who wrote about business and economics for such publications as The Wall Street Journal, The Nation, The American Mercury, Newsweek, and The New York Times.He is widely cited in both libertarian and conservative circles. The essential function of the State is to maintain peace, justice, law, and order, and to protect the individual citizen … Never under any circumstances admit that your own failure may be owing to your own weakness, or that the failure of anyone else may be due to his own defects - his laziness, incompetence, improvidence, or stupidity. Henry Hazlitt Quotes. Government loans, in short, as compared with private loans, will reduce production, not increase it.”, “Everything we get, outside of the free gifts of nature, must in some way be paid for.”, “The notion that we can dismiss the views of all previous thinkers surely leaves no basis for the hope that our own work will prove of any value to others.”, “In an exchange economy everybody’s money income is somebody else’s cost. Proposals for an increased volume of credit, therefore, are merely another name for proposals for an increased burden of debt. But it must refrain from specific economic interventions. The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. Birth Name: Henry Stuart Hazlitt Follow AzQuotes on Facebook, Twitter and Google+. Among men of good will such an aim can be taken for granted. The envious are more likely to be mollified by seeing others deprived of some advantage than by gaining it for themselves. Or he has it because his character and past record have earned it. He has it, perhaps, because he already has marketable assets of a greater cash value than the loan for which he is asking. 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. Government provided free tuition tends more and more to produce a uniform conformist education, with college faculties ultimately dependent for their jobs on the government, and so developing an economic interest in profession and teaching a statist, pro-government, and socialist ideology. Henry Hazlitt quotes Showing 1-30 of 218. This quote addresses a lot that has to do with character and human behavior. “The Conquest of Poverty”, Henry Hazlitt (1971). In the French Revolution of 1848, a woman coal-heaver is said to have remarked to a richly dressed lady: 'Yes, madam, everything's going to be equal now; I shall go in silks and you'll carry coal.'. “The Wisdom of Henry Hazlitt”, Foundation for Economic Education. Government loans will waste far more capital and resources than private loans. He brings it into the bank with him. 1 A strong passion for any object will ensure success, for the desire of the end will point out the means. All subsidy measures, all schemes to redistribute income or to force Peter to support Paul, are one-eyed as well as shortsighted. Henry Stuart Hazlitt (November 28, 1894 - July 9, 1993) was an American journalist who wrote about business and economics for such publications as The Wall Street Journal, The Nation, The American Mercury, Newsweek, and The New York Times. Never under any circumstances admit that his success may be due to his own efforts, to the productive contribution he has made to the whole community. “A man with a scant vocabulary will almost certainly be a weak thinker. The 'private sector' of the economy is, in fact, the voluntary sector; and the 'public sector' is, in fact, the coercive sector. 35 First-Class Henry Hazlitt Quotes Nov 25, 2015 Nov 22, 2015 by Brandon Gaille Henry Hazlitt was an American journalist known for his written publications in The Wall Street Journal, Newsweek, and The New York Times on the topics of business and economics. “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.11, Crown Business, Henry Hazlitt (2010). All credit is debt. That is why the banker makes him the loan. This is no accident. The government has nothing to give to anybody that it doesn't first take from someone else. William Hazlitt. An elementary fallacy. When Alexander the Great visited the philosopher Diogenes and asked whether he could do anything for him, Diogenes is said to have replied: "Yes, stand a little less between me and the sun." But if he becomes too specialized, he is apt to become narrow and lopsided, ignorant on every subject but his own, and perhaps dull and sterile even on that because he lacks perspective and vision and has missed the cross-fertilization of ideas that can come from knowing something of other subjects.”, “Economics is haunted by more fallacies than any other study known to man. -- Henry Hazlitt . You merely deprive him of the right to earn the amount that his abilities and situation would permit him to earn, while you deprive the community even of the moderate services that he is capable of rendering. It is the proper sphere of government to create and enforce a framework of law that prohibits force and fraud. And in trying to answer this we must never lose sight of a few elementary truisms. If he tries to be the Rounded Universal Man, like Leonardo da Vinci, or to take all knowledge for his province, like Francis Bacon, he is most likely to become a mere dilettante and dabbler. “It is never an advantage to have one’s plants [factories] destroyed by shells or bombs unless those plants have already become valueless or acquired a negative value by depreciation and obsolescence.”. A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this day. Knowledge used does not need to be remembered; practice forms habits and habits make memory unnecessary. “Basic Economics” is kind of costly , while “Economics in One Lesson” is available for free at the Foundation for Economic Education’s website. “Man Vs. the Welfare State”, p.216, Ludwig von Mises Institute, Henry Hazlitt (1971). If the friends of liberty and law could have only one slogan it should be: Stop the remedies! Journaliste au Wall Street Journal, à Newsweek et au New York Times, il s'est fait connaître grâce à son livre L’Économie Politique en une Leçon, un ouvrage de vulgarisation sur les principes de l'économie de marché, basé sur Ce qu'on voit et ce qu'on ne voit pas de Frédéric Bastiat. Government's main economic function is to encourage and preserve a free market. Henry Hazlitt, Hans F. Sennholz (1993). Look up, laugh loud, talk big, keep the color in your cheek and the fire in your eye, adorn your person, maintain your health, your beauty and your animal spirits. In the modern world knowledge has been growing so fast and so enormously, in almost every field, that the probabilities are immensely against anybody, no matter how innately clever, being able to make a contribution in any one field unless he devotes all his time to it for years. iWise has the most comprehensive repository of Henry Hazlitt quotes online. No matter whether it is their intention or not, almost anything that the rich can legally do tends to help the poor. Never under any circumstances admit that your own failure may be owing to your own weakness, or that the failure of anyone else may be due to his own defects - his laziness, incompetence, improvidence, or stupidity.”, “Practically all government attempts to redistribute wealth and income tend to smother productive incentives and lead toward general impoverishment. Be the first to learn about new releases! Goodreads helps you follow your favorite authors. They get their immediate appeal by focusing attention on the alleged needs of some particular group of intended beneficiaries. The world is full of so- called economists who in turn are full of schemes for getting something for nothing. Share with your friends. The capitalist system has lifted mankind out of mass poverty. “Man Vs. the Welfare State”, p.70, Ludwig von Mises Institute, Henry Hazlitt, Hans F. Sennholz (1993). 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. “Man Vs. the Welfare State”, p.183, Ludwig von Mises Institute, Henry Hazlitt (1971). The only real cure for poverty is production. This is no accident. Just a moment while we sign you in to your Goodreads account. William Hazlitt. Quote by Henry Hazlitt: “The whole gospel of Karl Marx can be summed up ...”. Always attribute his success to the exploitation, the cheating, the more or less open robbery of others. 1993. Here he quotes Rand who, like Hazlitt and a few other great thinkers, always elevated the interests of the individual. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. Henry Hazlitt Quotes The art of economics consists in looking not merely at the immediate hut 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. Knowledge of things and knowledge of the words for them grow together. You do harm all around, with no comparable compensation.”, “A little philosophy inclineth men’s minds to atheism, but depth in philosophy bringeth men’s minds about to religion.”, “The ideas which now pass for brilliant innovations and advances are in fact mere revivals of ancient errors, and a further proof of the dictum that those who are ignorant of the past are condemned to repeat it.”, “Necessary policemen, firemen, street cleaners, health officers, judges, legislators and executives perform productive services as important as those of anyone in private industry. The vital consideration of incentives is almost systematically overlooked in the proposals of agitators for more and bigger government welfare schemes. Henry Hazlitt’s quote touches philosophy, and Literary criticism and is still in use in the present society. It is this system that in the last century, in the last generation, even in the last decade, has acceleratively been changing the face of the world, and has provided the masses of mankind with amenities that even kings did not possess or imagine a few generations ago. There is a strange idea aboard, held by all monetary cranks, that credit is something a banker gives to a man. Well said Henry Hazlitt ! Or he has it because his character and past record have earned it. They make it possible for private industry to function in an atmosphere of law, order, freedom and peace. What is original in the book is not true; and what is true is not original." The bad economist 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.”, “the larger the percentage of the national income taken by taxes the greater the deterrent to private production and employment. That is why the banker makes him the loan. 20 Copy quote. But their justification consists in the utility of their services. #Real #Looks #Wages “What is put into the hands of B cannot be put into the hands of A.”-- Henry Hazlitt . 10 sourced quotes. The essential function of the State is to maintain peace, justice, law, and order, and to protect the individual citizen against aggression, violence, theft, and fraud. iWise brings you popular Henry Hazlitt quotes. Free Daily Quotes. It is not what they lack that chiefly troubles them, but what others have. Welcome back. "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 con..." Henry Hazlitt Quote “The whole gospel of Karl Marx can be summed up in a single sentence: Hate the man who is better off than you are. 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. But real income can only be increased by working harder or more efficiently, saving more, investing more, and producing more. We cannot distribute more wealth than is created. Every increase in hourly wages, unless or until compensated by an equal increase in hourly productivity, is an increase in costs of production. 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.”, “The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. If you want to know more or withdraw your consent to all or some of the cookies, please refer to the, Henry Hazlitt (1971). 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. Practically all government attempts to redistribute wealth and income tend to smother productive incentives and lead toward general impoverishment. We cannot in the long run pay labor as a whole more than it produces.”, “..either immediately or ultimately every dollar of government spending must be raised through a dollar of taxation. 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. Credit, on the contrary, is something a man already has. Economics is haunted by more fallacies than any other study known to man. “A man with a scant vocabulary will almost certainly be a weak thinker. #Government #Citizens #Littles He is perhaps best known as the author of the classic, Economics in One Lesson (1946). It is perhaps the worst possible form, which usually bears hardest on those least able to pay.” Henry Hazlitt, Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics Bio from Wikipedia, the free encyclopedia. This is no accident. Henry Hazlitt (1894–1993) was a well-known journalist who wrote on economic affairs for the New York Times, the Wall Street Journal, and Newsweek, among many other publications. The envious are not satisfied with equality; they secretly yearn for superiority and revenge. Quotations by Henry Hazlitt, American Philosopher, Born November 28, 1894. The whole gospel of Karl Marx can be summed up in a single sentence: Hate the man who is better off than you are. Rand proclaimed that “The smallest minority on earth is the individual. See more ideas about Economics, Henry, Economics books. Henry Hazlitt Quotes A man with a scant vocabulary will almost certainly be a weak thinker. If a government resorts to inflation, that is, creates money in order to cover its budget deficits or expands credit in order to stimulate business, then no power on earth, no gimmick, device, trick or even indexation can prevent its economic consequences. It is possible to increase paper-money income to any amount by debasing the currency. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. 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.”, “This is perhaps as good a place as any to point out that what distinguishes many reformers from those who cannot accept their proposals is not their greater philanthropy, but their greater impatience. Henry Hazlitt View all quotes from this author: The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. Let us know what’s wrong with this preview of, Economics in One Lesson: The Shortest & Surest Way to Understand Basic Economics, Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics. I follow the satirical site Babylon Bee on facebook.They had this article regarding economics which kind of recommends reading either “Basic Economics” by Thomas Sowell or ”Economics in One Lesson” by Henry Hazlitt. The real question concerns the proper means of achieving it. “The Wisdom of Henry Hazlitt”, Foundation for Economic Education, Henry Hazlitt (2010). There are more than 178+ quotes in our Henry Hazlitt quotes collection. 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. Saturday Quotes–Henry Hazlitt “The future of human liberty…means the future of civilization.” Henry Hazlitt “The State, of course, is absolutely indispensable to the preservation of law and order, and the promotion of peace and social cooperation. Subscribe Henry Hazlitt — American Philosopher born on November 28, 1894, died on July 08, 1993 Henry Stuart Hazlitt was an American journalist who wrote about business and economics for such publications as The Wall Street Journal, The Nation, The American Mercury, Newsweek, and The New York Times. Never under any circumstances admit that his success may be due to his own efforts, to the productive contribution he has made to the whole community. The record taken as a whole is one of hyperinflation, devaluation and monetary chaos. “Man Vs. the Welfare State”, p.95, Ludwig von Mises Institute, Henry Hazlitt (1996). 178 Henry Hazlitt Quotes on Language, Economics in One Lesson: The Shortest & Surest Way to Understand Basic Economics and Inefficiency - Quotes.pub. The world must be saved from its saviors. “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.228, Crown Business, Henry Hazlitt (1971). If a 30 percent increase in hourly wages all around the circle forces a 30 percent increase in prices, labor can buy no more of the product than it could at the beginning; and the merry-go-round must start all over again.”, “What is put into the hands of B cannot be put into the hands of A.”, “You cannot make a man worth a given amount by making it illegal for anyone to offer him anything less. And such shallow wisecracks pass as devastating epigrams and the ripest wisdom.”, “Everything we get, outside of the free gifts of nature, must in some way be paid for. The same reasoning applies to civilian government officials whenever they are retained in excessive numbers and do not perform services for the community reasonably equivalent to the remuneration they receive. Never under any circumstances admit that his success may be due to his own efforts, to the productive contribution he has made to the whole community. The cost of the proposed solution has been overlooked. Always attribute his success to the exploitation, the cheating, the more or less open robbery of others. Capitalism will continue to eliminate mass poverty in more and more places and to an increasingly marked extent if it is merely permitted to do so. Even where a price increase is possible, the higher price discourages buyers, shrinks the market, and also leads to unemployment. 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. Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Contrary to age-old prejudices, the wealth of the rich is not the cause of the poverty of the poor, but helps to alleviate that poverty. If the bridge costs $1,000,000 the taxpayers will lose $1,000, 000. “Man Vs. the Welfare State”, p.121, Ludwig von Mises Institute, Henry Hazlitt (1971). “A man who is good from docility, and not from stern self-control, has no character.” Henry Hazlitt. We should all be concerned about the plight of the poor and unfortunate. -Henry Hazlitt, Economics in One Lesson: Economics is haunted by more fallacies than any other study known to man. In this way, the supposed miracles of government spending will appear in another light.”, “There are men regarded today as brilliant economists, who deprecate saving and recommend squandering on a national scale as the way of economic salvation; and when anyone points to what the consequences of these policies will be in the long run, they reply flippantly, as might the prodigal son of a warning father: "In the long run we are all dead." Credit, on the contrary, is something a man already has. Henry Hazlitt, Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics “Inflation itself is a form of taxation.
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