The essential function of the State is to maintain peace, justice, law, and order, and to protect the individual citizen … Henry Hazlitt’s quote touches philosophy, and Literary criticism and is still in use in the present society. 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. “Man Vs. the Welfare State”, p.211, Ludwig von Mises Institute, Henry Hazlitt (2010). “The whole gospel of Karl Marx can be summed up in a single sentence: Hate the man who is better off than you are. See more ideas about Economics, Henry, Economics books. The only real cure for poverty is production. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. The world is full of so- called economists who in turn are full of schemes for getting something for nothing. 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. 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. William Hazlitt. There is a strange idea aboard, held by all monetary cranks, that credit is something a banker gives to a man. Welcome back. Every day we present the best quotes! But real income can only be increased by working harder or more efficiently, saving more, investing more, and producing more. 20 Copy quote. “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.”. There are more than 178+ quotes in our Henry Hazlitt quotes collection. Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Or he has it because his character and past record have earned it. #Government #Giving #Political Utilize our cutting edge search engine to make Henry Hazlitt quotes and wisdom easily discoverable.-Page : 1 It is not what they lack that chiefly troubles them, but what others have. Economics is haunted by more fallacies than any other study known to man. Always attribute his success to the exploitation, the cheating, the more or less open robbery of others. -- Henry Hazlitt . Hazlitt, fully Henry Stuart Hazlitt. That is why the banker makes him the loan. 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. “Man Vs. the Welfare State”, p.70, Ludwig von Mises Institute, Henry Hazlitt, Hans F. Sennholz (1993). 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. Every increase in hourly wages, unless or until compensated by an equal increase in hourly productivity, is an increase in costs of production. Credit, on the contrary, is something a man already has. Quotes by Henry Hazlitt (1894 - 1993). Only one-half of the problem has been seen. 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. Knowledge of things and knowledge of the words for them grow together. Nov 18, 2015 - Explore Jarid Blackburn's board "Henry Hazlitt", followed by 814 people on Pinterest. The record taken as a whole is one of hyperinflation, devaluation and monetary chaos. -- J Carlton, Calgary ; 3 1 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. Henry Hazlitt. Henry Hazlitt quotes Showing 1-30 of 218. 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 has it, perhaps, because he already has marketable assets of a greater cash value than the loan for which he is asking. 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. 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. It is possible to increase paper-money income to any amount by debasing the currency. 178 Henry Hazlitt Quotes on Language, Economics in One Lesson: The Shortest & Surest Way to Understand Basic Economics and Inefficiency - Quotes.pub. 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. -Henry Hazlitt, Economics in One Lesson: Economics is haunted by more fallacies than any other study known to man. 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. Government loans will waste far more capital and resources than private loans. “Man Vs. the Welfare State”, p.95, Ludwig von Mises Institute, Henry Hazlitt (1996). 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 Conquest of Poverty”, Henry Hazlitt (1971). Henry Hazlitt est un philosophe, essayiste, économiste et journaliste libertarien américain. Or he has it because his character and past record have earned it. 1993. 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. Author Quotes. Once we look at the matter. #Hands “Government can't give us anything without depriving us of something else.”-- Henry Hazlitt . 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. 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. 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. We cannot distribute more wealth than is created. 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. Practically all government attempts to redistribute wealth and income tend to smother productive incentives and lead toward general impoverishment. Here he quotes Rand who, like Hazlitt and a few other great thinkers, always elevated the interests of the individual. iWise brings you popular Henry Hazlitt quotes. 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 whole gospel of Karl Marx can be summed up in a single sentence: Hate the man who is better off than you are. “A man with a scant vocabulary will almost certainly be a weak thinker. Here you will find all the famous Henry Hazlitt quotes. This is no accident. A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this day. Rand proclaimed that “The smallest minority on earth is the individual. 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. “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.228, Crown Business, Henry Hazlitt (1971). Goodreads helps you follow your favorite authors. Just a moment while we sign you in to your Goodreads account. “Man Vs. the Welfare State”, p.121, Ludwig von Mises Institute, 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. 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. “A man who is good from docility, and not from stern self-control, has no character.” Henry Hazlitt. Follow AzQuotes on Facebook, Twitter and Google+. The government has nothing to give to anybody that it doesn't first take from someone else. 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. 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. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. The crying need today is not for more laws, but for fewer. 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 'private sector' of the economy is, in fact, the voluntary sector; and the 'public sector' is, in fact, the coercive sector. But their justification consists in the utility of their services. 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. The question is not whether we wish to see everybody as well off as possible. This is no accident. Henry Hazlitt View all quotes from this author: The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. The spending of the rich gives employment to the poor. 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 envious are not satisfied with equality; they secretly yearn for superiority and revenge. 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. It is the proper sphere of government to create and enforce a framework of law that prohibits force and fraud. But in terms of the actual production and exchange of real things it is not.”. He is perhaps best known as the author of the classic, Economics in One Lesson (1946). We should all be concerned about the plight of the poor and unfortunate. 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." The vital consideration of incentives is almost systematically overlooked in the proposals of agitators for more and bigger government welfare schemes. Quotations by Henry Hazlitt, American Philosopher, Born November 28, 1894. "...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. -- Henry Hazlitt . He brings it into the bank with him. Be the first to learn about new releases! 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. 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. 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. In brief, for a low wage you substitute unemployment. William Hazlitt. #Government #Citizens #Littles An elementary fallacy. 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. The world must be saved from its saviors. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. The cost of the proposed solution has been overlooked. Even where a price increase is possible, the higher price discourages buyers, shrinks the market, and also leads to unemployment. Complete list of quotes and quotations by Henry Hazlitt. 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. 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. “Man Vs. the Welfare State”, p.183, Ludwig von Mises Institute, Henry Hazlitt (1971). 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. Among men of good will such an aim can be taken for granted. #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 . Trouble, Envious, Advantage. The banker is not giving something for nothing.”, “private loans will utilize existing resources and capital far better than government loans. Henry Hazlitt Quotes. “Man Vs. the Welfare State”, p.216, Ludwig von Mises Institute, Henry Hazlitt (1971). 1 A strong passion for any object will ensure success, for the desire of the end will point out the means.

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