Quotes by Henry Hazlitt
“The function of profits is to guide and channel the factors of production so as to multiply luxuries and reduce their cost.”— Henry Hazlitt
“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
“Everything we get, outside of the free gifts of nature, must in some way be paid for.”— Henry Hazlitt
“The 'private sector' of the economy is, in fact, the voluntary sector; and the 'public sector' is, in fact, the coercive sector.”— Henry Hazlitt
“Inflation is the autosuggestion, the hypnotism, the incantation, the 'open sesame' of every despot.”— Henry Hazlitt
“When the government makes loans or subsidies to business, what it does is tax successful private business in order to support unsuccessful private business.”— Henry Hazlitt
“The first thing that is necessary to understand inflation is that it is not a natural disaster. It is a man-made, or to be more precise, a government-made disaster.”— Henry Hazlitt
“The whole gospel of Karl Marx can be summed up in a single sentence: Hate the man who is better off than you are.”— Henry Hazlitt
“The bad economist sees only what immediately strikes the eye; the good economist also looks beyond.”— Henry Hazlitt
“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.”— Henry Hazlitt
“The more government 'plans,' the more difficult planning becomes for the individual.”— Henry Hazlitt