There is no more certain way to deter employment than to harass and penalize employers. Henry Hazlitt More Quotes by Henry Hazlitt More Quotes From Henry Hazlitt The first (lesson) which we meet again and again in history, is that once the dole or similar relief programs are introduced, they seem almost inevitably - unless surrounded by the most rigid restrictions - to get out of hand. The second lesson is that once this happens the poor become more numerous and worse off than they were before, not only because they have lost self-reliance, but because the sources of wealth and production on which they depend for either doles or jobs are diminished or destroyed. Henry Hazlitt self jobs hands Government can't give us anything without depriving us of something else. Henry Hazlitt political government giving The 'private sector' of the economy is, in fact, the voluntary sector; and the 'public sector' is, in fact, the coercive sector. Henry Hazlitt libertarian liberty political A man with a scant vocabulary will almost certainly be a weak thinker. 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. If you do not know the words, you can hardly know the thing. Henry Hazlitt vocabulary men thinking The first requisite of a sound monetary system is that it put the least possible power over the quantity or quality of money in the hands of the politicians. Henry Hazlitt quality liberty hands The more 'adequate' we make relief, the more people we are going to find willing to get on it and stay on it indefinitely. The more we try to make sure that everybody really in need of relief gets it, the more certain we can be that we are also giving it to people who neither need nor deserve it. Henry Hazlitt trying giving people Government planning always involves compulsion. Henry Hazlitt compulsion planning government Today is already the tomorrow which the bad economist yesterday urged us to ignore. Henry Hazlitt tomorrow yesterday today The system of capitalism, of the market economy, is a system of freedom, of justice, of productivity. But these three virtues cannot be separated. Each flows out of the other. Henry Hazlitt three flow justice When your money is taken by a thief, you get nothing in return. When your money is taken through taxes to support needless bureaucrats, precisely the same situation exists. We are lucky, indeed, if the needless bureaucrats are mere easy-going loafers. They are more likely today to be energetic reformers busily discouraging and disrupting production. Henry Hazlitt thieves support taken There is a strange idea aboard, held by all monetary cranks, that credit is something a banker gives to a man. Credit, on the contrary, is something a man already has. He has it, perhaps, because he already has marketable assets of a greater cash value than the loan for which he is asking. Or he has it because his character and past record have earned it. He brings it into the bank with him. That is why the banker makes him the loan. Henry Hazlitt character men past Inflation makes the extension of socialism possible by providing the financial chaos in which it flourishes. The fact is that socialism and inflation are cause and effect, they feed on each other! Henry Hazlitt chaos causes facts 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. Henry Hazlitt army government matter 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. Henry Hazlitt capitalism poverty mass The real solution to the problem of poverty consists in finding how to increase the employment and earning power of the poor. Henry Hazlitt employment real earning When each of us is free to work out his own economic destiny, within the framework of the market economy, the institution of private property, and the general rule of law, we will all improve our economic condition much faster than when we are ordered around by bureaucrats. Henry Hazlitt work-out destiny law The more things a government undertakes to do, the fewer things it can do completely. When the government tries to do everything it must do everything badly. Henry Hazlitt fewer government trying 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 judgment rewards creating Competition always tends to bring about the most economical and efficient method of production. Those who are most successful in this competition will acquire more capital to increase their production still further; those who are least successful will be forced out of the field. So capitalist production tends constantly to be drawn into the hands of the most efficient. Henry Hazlitt competition successful hands 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 liberty taken gold
